Accrual basis of accounting | Finance & Capital Markets | Khan Academy

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Simple example of accrual accounting. Created by Sal Khan.

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Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes.

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