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cash basis

noun

  1. a method of recording income and expenses in which each item is entered as received or paid.


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Example Sentences

Now it was hard to realize that business must be brought to a cash basis.

He marked his goods down at an early day and began to “sell for cost,” conducting his operations on a strictly cash basis.

An "all cash basis" is not uncommon these days and often brings a sizable reduction in the asking price.

(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.

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