cash-basis

cash basis

noun
a method of recording income and expenses in which each item is entered as received or paid.
Compare accrual basis.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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WordNet
cash basis

noun
a method of accounting in which each item is entered as payments are received or made [ant: accrual basis
WordNet® 3.0, © 2006 by Princeton University.
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00:10
Cash-basis is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
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