ACCOUNTING→cash basis accountingon a cash basisCOMMERCEpayingfor all of somethingimmediately, not at anagreedlatertime:If you do notpayon acashbasis, then youforgothecashdiscount.(Definition ofcash basisfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcash basis
cash basisMost government budgets are calculated on acashbasis, meaning that revenues are recognized when collected and outlays are recognized when paid.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The federal budget is calculated largely on acashbasis.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Generally, a taxpayer using the cash method of accounting (cashbasistaxpayer) recognizes income when received.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This was resolved through the court system by implementing acashbasispayment agreement and services resumed within days.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Delivery to the troops is on acashbasisthrough the post exchanges.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Cashbasisaccounting, used by some small businesses, recognizes revenue when received and expenses when paid.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This system is mainly bases on the modifiedcashbasisaccounting.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.While it is more complex thancashbasisaccounting, it provides much more information about your business.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Law requires modifiedcashbasisof accounting (including accounts payable).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This guide prescribes the modifiedcashbasisof accounting to be used by all departments.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/cash-basis##
