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. 2014.
Cite This Source Link To cash-basis
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature