cash basis

American  

noun

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

---

Example Sentences

In the government’s annual budget plan last year, Ottawa pledged to spend over 80 billion Canadian dollars, equivalent to about US$59 billion, on a cash basis to upgrade the Canadian military.

From The Wall Street Journal • Feb. 16, 2026

“All in, just on a cash basis, these projects are making anywhere from 8 to 15 percent,” he said.

From Slate • Mar. 6, 2025

Because big banks and credit card companies have shunned the industry, it largely operates on a cash basis.

From Seattle Times • May 7, 2022

The IRS, Tax Court, and the Third, Fifth and Eighth Circuits take the position that federal income taxes paid by a cash basis corporation reduces E&P only in the year of payment.

From Forbes • Aug. 26, 2014

We are convinced that a permanent improvement in the relations between employers and employed must be founded upon something other than a cash basis.

From The War and Unity Being Lectures Delivered At The Local Lectures Summer Meeting Of The University Of Cambridge, 1918 by Cranage, D. H. S. (David Herbert Somerset)