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.




cash basis is ...
... part of the
Accounting subject.


Related Terms

modified cash basis -  More
accrual basis accounting -  More
revenue -  More
current cash debt coverage ratio


cash basis appears in the definitions of these other terms on BusinessDictionary.com

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