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 keeping accounts in which amounts of money are recorded at the actual time they are spent or received:

Businesses would expect to have fewer cashflow problems if they adopt cash basis accounting.

(Definition of “cash basis accounting” from the Cambridge Business English Dictionary © Cambridge University Press)