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paid cash for supplies

The cash approach to accounting, also called cash-basis accounting, cash receipts and disbursements approach to accounting or cash accounting (the European union VAT directive vocabulary Article 226) information earnings when cash is received, and expenditures when they are paid in cash. As being a basis of accounting, this is as opposed to the choice accrual method which documents income items when they are acquired and files deductions when expenditures are incurred whatever the move of cash.

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