What does cash basis mean?
Definitions for cash basis
cash ba·sis
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cash basis.
Princeton's WordNet
cash basisnoun
a method of accounting in which each item is entered as payments are received or made
ChatGPT
cash basis
Cash basis is an accounting method used to recognize and record revenue when cash is received, and expenses when they are actually paid, rather than when they are incurred. This approach does not take into account any outstanding debts or prepaid expenses and is typically used by individuals and small businesses due to its simplicity.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cash basis in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of cash basis in Pythagorean Numerology is: 9
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"cash basis." Definitions.net. STANDS4 LLC, 2024. Web. 7 Oct. 2024. <https://www.definitions.net/definition/cash+basis>.
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