cash basis

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Definitions from WordNet

Noun cash basis has 1 sense

cash basis - a method of accounting in which each item is entered as payments are received or made
--₁ is a kind of accounting, accounting system, method of accounting
Antonyms: accrual basis

Definitions from the Web

Cash Basis

Noun

A method of accounting where revenue and expenses are recorded only when cash is received or paid, respectively.
The accounting system used in cash basis accounting.

Example Sentences:

I prefer to operate my small business on a cash basis, as it provides a clearer picture of my actual cash flow.
In cash basis accounting, if a client hasn't paid the invoice, it won't be considered as revenue until the payment is received.

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