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For accrual basis the revenue is recognized when invoicing occurs, hence invoicing should coincide with shipment of product. Invoicing should create an entry for the books to credit revenue and debit accounts receivable. The receipt of cash in 08 would debit cash and credit accounts receivable. The key here is that you are on ACCRUAL BASIS. Hope this helps.
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21 M3P
00 996 C4 Cab - Sold
95 993 Cab - Sold
88 911 Targa - Sold
96 FJ80 - Sold
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