Printer Friendly
The Free Dictionary
970,276,205 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

cash basis accounting

   Also found in: Wikipedia 0.04 sec.
cash basis accounting
A method of accounting in which the receipt and payment of cash are the basis for recording transactions. Thus it is not the date on which goods and services are received that matters, as in accrual accounting, but the dates on which the cash changes hands for the transactions. Cash basis accounting is typically used for tax purposes by individuals but not by corporations. Compare accrual accounting.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Also, conventional wisdom tells us that accrual basis accounting is vastly superior to cash basis accounting.
The new dilemma of cash versus earnings by Kelly, John F. / Financial Executive
The restated financial statements using cash basis accounting will be more volatile demonstrating income and loss swings dependent upon the timing of the receipt of cash payments.
iMergent to Restate Financial Statements Based upon Correction of ... by Business Wire
Financial Management: New features allow users to quickly respond to organizational changes, streamline balancing and reconciliation with enhanced reporting capabilities, simplify management of fixed assets, and leverage enhancements to the cash basis accounting functionality.
PeopleSoft Announces General Availability of PeopleSoft World A8.1.6; ... by Business Wire
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.