cash basis

a method of recording income and expenses in which each item is entered as received or paid.
Compare accrual basis. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To cash basis
Example sentences
But even on a cash basis, pension finances are deteriorating.
Some programs are not measured on a cash basis in the budget.
The cash basis of accounting is a basis other than generally accepted accounting principles.
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