cash basis

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

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Universalium. 2010.

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Look at other dictionaries:

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  • cash-basis method — See also cash method. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

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  • cash basis accounting — The *recognition of *revenues and *expenses in line with related *cash movements. Cash basis accounting is not permissible for large organizations under most systems of *Generally Accepted Accounting Principles, which prefers an *accruals basis… …   Auditor's dictionary

  • Cash Basis Loan — A loan where interest is recorded as earned when payment is collected. Ordinarily, interest income is accrued on loans, since regular payment of both principal and interest is assumed. However, in the case of nonperforming loans (loans gone bad) …   Investment dictionary

  • cash basis — noun a method of accounting in which each item is entered as payments are received or made (Freq. 1) • Ant: ↑accrual basis • Hypernyms: ↑accounting, ↑accounting system, ↑method of accounting * * * noun : a meth …   Useful english dictionary

  • cash basis — Reporting income for taxation when cash or property is actually or constructively received and taking deductions in the year cash or property is paid or transferred. IRC § 451(a) …   Ballentine's law dictionary

  • cash basis — commercial transactions involving only cash (as opposed to credit) …   English contemporary dictionary

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