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Meaning of “cash basis accounting” in the English Dictionary

"cash basis accounting" in Business English

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cash basis accountingnoun [U]

uk   us   (also cash accounting, cash basis)
ACCOUNTING a ​method of ​keepingaccounts in which ​amounts of ​money are ​recorded at the ​actualtime they are ​spent or received: Businesses would expect to have fewer cashflow problems if they ​adoptcashbasisaccounting.
(Definition of cash basis accounting from the Cambridge Business English Dictionary © Cambridge University Press)
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