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CHAPTER 2: DON'T CONFUSE CASH WITH PROFITS.
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- Abstract:
Chapter 2 of the book "Financial Information For Entrepreneurs and Managers: Understanding and Using Financial Reports, Budgets and Cash Flow Projections" by Tom McKaskill is presented. It explores the recognition of revenue in a cash sale and in a credit sale. It also discusses when a profit is earned. Illustrations related to business financial activities are provided.
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