cash method

cash method
cash meth·od n: cash basis at basis

Merriam-Webster’s Dictionary of Law. . 1996.

cash method
n.
An accounting method that records only money that has been paid or received. See also accelerated cost recovery system

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


cash method
n. An accounting method that records income and expenses when they are received or paid rather than when they are earned or incurred.

Webster's New World Law Dictionary. . 2000.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • cash method — Cash method. The practice of recording income and expense only when cash is received or paid out; used in contradistinction to accrual method. See cash basis accounting. See also accounting …   Black's law dictionary

  • cash method — Cash method. The practice of recording income and expense only when cash is received or paid out; used in contradistinction to accrual method. See cash basis accounting. See also accounting …   Black's law dictionary

  • cash method of accounting — Cash method. The practice of recording income and expense only when cash is received or paid out; used in contradistinction to accrual method. See cash basis accounting. See also accounting …   Black's law dictionary

  • cash method of accounting — Cash method. The practice of recording income and expense only when cash is received or paid out; used in contradistinction to accrual method. See cash basis accounting. See also accounting …   Black's law dictionary

  • cash method of accounting — A method of accounting in which income is accounted for when actually received (not, for instance, when an order is taken) and expenses are reported when actually paid (not when liability for paying them is incurred, such as making an order).… …   Law dictionary

  • Comparison of Cash Method and Accrual Method of accounting — A comparison of the two primary accounting methods (Cash method and Accrual method) used to calculate taxable income for U.S. Federal income taxes. According to the Internal Revenue Code, a taxpayer may compute taxable income under the following… …   Wikipedia

  • cash-basis method — See also cash method. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • cash — n 1: ready money 2: money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery cash against documents: a sight draft in exchange for a bill of lading agree that the buyer will pay cash against documents… …   Law dictionary

  • Cash flow forecasting — is the modeling of a company or asset’s future financial liquidity over a specific timeframe. Cash usually refers to the company’s total bank balances, but often what is forecast is treasury position which is cash plus short term investments… …   Wikipedia

  • cash basis — see basis 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cash basis …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”