CASH BASIS • DICTIONARY ONE.COM • Definition of Cash basis

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/kæʃ bˈeɪsəs/ Listen

Cash basis

noun

A method of accounting in which each item is entered as payments are received or made.

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Etymology of 'Cash basis'

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"Cash basis" Quotes from Famous Books

... is to give every man his due. It is better to starve than not to do this. It is better to do a small business on a cash basis than a large one on credit. Owe no man anything, wrote St. Paul. It is a good motto to place in every purse, in every counting-room, in every church, ...

— Architects of Fate - or, Steps to Success and Power • Orison Swett Marden

... final decision to buy a piece of property financial details come to the fore. An "all cash basis" is not uncommon these days and often brings a sizable reduction in the asking price. Where a mortgage is desired, fifty per cent of the purchase price must be cash for house and land, or the entire amount on unimproved land. With the latter, the mortgage ...

— If You're Going to Live in the Country • Thomas H. Ormsbee and Richmond Huntley

Words linked to "Cash basis" : accounting system, accounting, accrual basis, method of accounting