cash basis
noun
a method of recording income and expenses in which each item is entered as received or paid.
- Compare accrual basis.
Words Nearby cash basis
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use cash basis in a sentence
Now it was hard to realize that business must be brought to a cash basis.
Civil War and Reconstruction in Alabama | Walter L. FlemingHe marked his goods down at an early day and began to “sell for cost,” conducting his operations on a strictly cash basis.
Lights and Shadows of New York Life | James D. McCabeAn "all cash basis" is not uncommon these days and often brings a sizable reduction in the asking price.
If You're Going to Live in the Country | Thomas H. Ormsbee and Richmond Huntley(c) Grocers catering to a cheaper class of trade, largely upon a cash basis.
And it has to be done on a cash basis, for debt would worry Tony out of his wits.
A Poor Man's House | Stephen Sydney Reynolds
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