cash basis
Definition
The bookkeeping practice of recording sales and expenses only when cash is actually received or paid out, as opposed to accrual basis. Generally cash basis bookkeeping is simpler than accrual basis bookkeeping, but makes securing financing more difficult. also called cash method of accounting.
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Related Terms
modified cash basis, accrual basis accounting
'cash basis
' appears in the definitions of these terms on BusinessDictionary.comaccrual basis accounting, basis of accounting, cash basis accounting, accounting change, adjusted net income approach, and 
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