cash basis

cash basis
noun
a method of accounting in which each item is entered as payments are received or made (Freq. 1)
Ant: ↑accrual basis

* * *

noun
: a method of keeping accounts that includes as income only what has been received in cash and as expenses only those paid in cash — compare accrual basis

* * *

a method of recording income and expenses in which each item is entered as received or paid. Cf. accrual basis.

Useful english dictionary. 2012.

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Look at other dictionaries:

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