cash basis

American  

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

See Examples For:

cash basis

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

With regards to cash basis corporations, the circuit courts are split as to when the reduction to E&P for the corporation’s federal tax liability occurs.

From Forbes ● Aug. 26, 2014

The second mode of settlement, other than on a cash basis, is by borrowing and loaning balances without interest.

From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips