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Finance Dictionary and Glossary of Investment Terms
Cash basis
Definition 1.
Refers to the accounting method that recognizes revenues and expenses when cash is actually received or paid out.
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Definition 2.
The bookkeeping practice of recording sales and expenses only when cash is actually received or paid out, as opposed to accrual basis. Generally cash basis bookkeeping is simpler than accrual basis bookkeeping, but makes securing financing more difficult. also called cash method of accounting.
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