Examples of 'cash basis' in a sentence
Meaning of "cash basis"
cash basis ~ refers to a method of accounting where transactions are recorded only when cash is received or disbursed. It means that revenue is recognized when received in cash, and expenses are recognized when paid in cash. The cash basis is often simpler than accrual basis accounting and is commonly used by small businesses and individuals for financial record-keeping
Show more definitions
- A method of accounting that tracks income and expenditure when they actually occur, rather than when they become due.
How to use "cash basis" in a sentence
Basic
Advanced
cash basis
Accounting is done on a cash basis and by calendar year.
Preparation of programme and budgets on a cash basis.
Cash basis accounting is a very simple form of accounting.
These exceptions are accounted for on a cash basis.
Accounting is done on the cash basis and by calendar year.
Income is currently accounted for on a cash basis.
Transactions are recorded on a cash basis when cash is paid or received.
Earlier performance pay was recorded on a cash basis.
Cash basis accounting is currently applied with regard to income.
Preparation of program and budget on cash basis.
Cash basis farmers should consider strategies before transferring.
The sales are made strictly on cash basis.
Current cash basis.
Recognition of voluntary contributions on cash basis.
On the cash basis it looks like you lost money again.
See also
Liquor and wines are on a cash basis.
Law requires modified cash basis of accounting including accounts payable.
All other income is accounted for on a cash basis.
Cash basis of accounting.
Previously this expenditure had been recorded on a cash basis.
Cash basis method.
Individual donations are recorded on a cash basis.
All bonds are traded on a cash basis at one of the large rings.
Currently financial accounting is officially done solely on a cash basis.
Financial reporting under the cash basis of accounting.
Expenditures related to employees pension plans are recorded on a cash basis.
Most firms utilize a modified cash basis of accounting.
Investments made in a pension fund or a mutual fund are executed on a cash basis.
Sales on a cash basis.
Revenue collected and payments are estimated on a cash basis.
Expenses on a modified cash basis for budgeted activities are presented as budget utilization.
Domestic fiscal balance cash basis.
But on a cash basis it looks like it was your best catering month ever.
Consolidated fiscal balance cash basis.
Interest on loans is recorded on the cash basis of accounting when repayments are received.
Almost all orders were at reoffer and on a cash basis.
Cash basis is the most common accounting method used by small businesses.
Income tax paid on cash basis.
Differentiate the cash basis of accounting from the accrual basis of accounting.
Accrual basis with some elements on cash basis.
The sales will be on a cash basis only since there is no mortgage banking system.
All your suppliers have you on a cash basis.
Some groups thus introduced cash basis accounting and others accruals basis accounting.
This store is operated on a cash basis.
A company or individual using cash basis accounting risks having a misleading account of their business.
Revenue collected and paymets are estimated on a cash basis.
They are allocated to fiscal years on a cash basis for corporate plan purposes.
Revenue collected and payment are estimated on a cash basis.
The cash basis does not recognize delayed payments from payment plans and credit accounts.
Dividends are recognised on a cash basis.
You'll also be interested in:
Examples of using Cash
Show more
Handy to have cash in these uncertain times
Cash flows from investing activities comprise
I just need to cash in a few chips first
Examples of using Basis
Show more
Nature provides the basis of our existence
Basis in international law and domestic law
Provide a clean basis to place the shade on
