Cash Basis Accounting

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Definition: Cash Basis Accounting

Cash Basis Accounting
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Full Definition of Cash Basis Accounting

An accepted form of accounting that records all revenues and expenditures at the time when payments are actually received or sent. This straightforward method of accounting is appropriate for small or newer businesses that conduct business on a cash basis or that don’t carry inventories. See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.

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https://payrollheaven.com/define/cash-basis-accounting/
Modern Language Association (MLA):
Cash Basis Accounting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/cash-basis-accounting/.
Chicago Manual of Style (CMS):
Cash Basis Accounting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cash-basis-accounting/ (accessed: April 19, 2024).
American Psychological Association (APA):
Cash Basis Accounting. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cash-basis-accounting/

Definition Sources

Definitions for Cash Basis Accounting are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.