Cash Basis Accounting

Business, Legal & Accounting Glossary

Definition: Cash Basis Accounting


Cash Basis Accounting


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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Cash Basis Accounting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 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: December 06, 2021).
American Psychological Association (APA):
Cash Basis Accounting. PayrollHeaven.com. Retrieved December 06, 2021
, 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.