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cash basis
(redirected from Cash basis accounting)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.cash basis - a method of accounting in which each item is entered as payments are received or made
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
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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Cash basis accounting is basically managing your business finances like you do a checkbook -- money only exists once it is deposited, and expenses only exist once money is spent.
Categories: Financial Management, Accounting standards, Auditing procedures, Auditing standards, Cash basis accounting, Financial analysis, Financial management, Financial records, Financial statement audits, Financial statements, Internal audits, Internal controls, Strategic planning, Voluntary compliance
Students in the control group were given the traditional lecture delivery of the same concepts, cash basis accounting and accrual basis accounting.
 
 
 
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