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In some organizations, support and revenues are only acknowledged if they have been received in cash. In those cases, expenses are recognized when they have
In some organizations, support and revenues are only acknowledged if they have been received in cash. In those cases, expenses are recognized when they have been paid. For organizations that record their revenues and expenses in that way, the cash budget would be identical to the operating budget.
The basis of accounting described in the statement above is:
Accrual basis of accounting
Cash basis of accounting.
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