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Accrual basis accounting is the place you made that sale in December 2004, reported it in 2004, and listed because a receivable - sales that created but not paid for yet. Once the payment is reached in 2005, it is not a sale, but a payment of the receivable.
Many "investors" are not formally trained and are inexperienced, getting most if not company information online all associated with "training" from infomercial industry gurus, get-rich-in-real-estate seminars and books. Perform often recognize these individuals by their "cookie-cutter" sites.
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