| / English Dictionary |
CASH BASIS
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A method of accounting in which each item is entered as payments are received or made
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("cash basis" is a kind of...):
accounting; accounting system; method of accounting (a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts)
Antonym:
accrual basis (a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made)
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