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

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

On a cash basis, the company paid $2.8 billion in federal income taxes last year after paying more than $7 billion in each of the prior two years.

From The Wall Street Journal

“I have been exploring, asking my local son’s doctor, like, what would it be if we just come in on a cash basis?” she said.

From Salon

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

From Seattle Times

It added that the deal is minimally dilutive to its earnings per share and is not expected to be dilutive on a cash basis.

From Reuters