The accounting basis in which revenue and expenses are recorded in the period they are actually received or expended in cash. Use of the cash basis generally is not considered to be in conformity with generally accepted accounting principles (GAAP) and is therefore used only in selected situations, such as for very small businesses and (when permit...
Found on
http://www.lectlaw.com/def/a099.htm
The practice of recording revenue when received in cash and recording expenses when they are paid in cash.
Found on
https://www.encyclo.co.uk/local/21657
No exact match found.
