NOUN
- a method of accounting in which each item is entered as payments are received or made
How To Use cash basis In A Sentence
- The City chairman has said he would be willing to negotiate but only on a cash basis ‘because I have seen enough of the chancers and con men who have appeared at other clubs’.
- Since these appropriation accounts are on the cash basis, accounting standards would hardly seem relevant.
- The Manual was essentially concerned with prescribing the classification of revenue spending and capital spending, implicitly on the cash basis.
- The Manual was essentially concerned with prescribing the classification of revenue spending and capital spending, implicitly on the cash basis.
- Current liabilities include interest revenue received in advance, with a carrying amount of $10,000. The related interest revenue was taxed on a cash basis .