COMPREHENSIVE BASIS OF ACCOUNTING Definition

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COMPREHENSIVE BASIS OF ACCOUNTING is a complete set of rules other than U.S. GAAP applied to all items in a set of financial statements. Examples include a basis of accounting required by a regulatory agency, a basis of accounting the entity uses for its income tax return and the cash receipts and disbursements basis.

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INVOICE is a detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill.

INTERNATIONAL FUND is a (mutual) fund that can invest only outside the home country, e.g. the United States.

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