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Old 03-28-2011, 04:25 PM
cesarravan
 
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S Corp / Cash Basis

I have a client which I have not done her bookkeeping for 2010 however when she gave me her financials I have noticed she has account receivables. Her company is a cash basis company and need to balance the balance sheet on the tax return. I need advice how to account the account receivables in order to balance the tax return. This is a new company and has no retained earnings either.

Thank you...



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