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Cash Accounting |
Also found in: Legal | 0.01 sec. |
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Cash Accounting An accounting method where receipts are recorded during the period they are received, and the expenses in the period in which they are actually paid. Notes: Basically, when the cash is received for a sale, it is recorded in the accounting books as a sale. This is in contrast with accrual accounting, where revenue and expenses are recorded when they are incurred. See also: Accrual Accounting, Cash Budget |
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| Users can easily assign cash accounting to each operational cash transaction with security-driven transaction and accounting workflow and review capabilities. ``A discrepancy in the pharmacy cash accounting was discovered, theft was suspected, and an investigation was made, and the pharmacist in charge, Erin Rodick, was terminated on Oct. Cash and Tax Basis Financial Statements--Preparation and Reporting (CTB)--Learn presentation and disclosure for tax, cash and modified cash basis; the effects of OCBOA on audit, review and compilation procedures; and financial reporting and the differences between GAAP and the tax accrual and cash accounting methods. |
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Cash Accounting
