Method of recognizing revenue and expenses when cash is received or disbursed rather than when earned or incurred. A service business not dealing in inventory has the option of using the cash basis or accrual basis. Individual taxpayers preparing their tax returns are essentially on the cash basis.
Cash Basis Accounting
| Accounting Dictionary: Cash Basis Accounting |
| 5min Related Video: Cash Basis Accounting |
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 | Cash Basis (legal term) |
| Other Comprehensive Basis of Accounting (Ocboa) (in accounting) |
| Subchapter S (in banking) |
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 | Cash accounting basis? |
| Accrual Basis vs Cash Basis Accounting? |
| What is the difference between cash basis and accrual basis accounting? |
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 | Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Cash Basis (legal term)
- Other Comprehensive Basis of Accounting (Ocboa) (in accounting)
- Subchapter S (in banking)
- Accrual Basis (finance term)
- Accrual Accounting (in accounting)
- Basis of Accounting (in accounting)
- Cash Basis or Cash Method (business term)
- Tax Reform Act of 1986 (in banking)
- Not-for-Profit Accounting
- Accounting Methods
- Comparison of Cash Method and Accrual Method of accounting
- Zaninovich v. Commissioner
- List of accounting topics
- PIFRA
