CASH BASIS • E-FREE TRANSLATION.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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"Cash basis" Quotes from Famous Books

... these property matters," said he, "you are called upon to think that all arrangements have been made upon a cold cash basis; and, actually, that's the fact. But you mustn't either of you think that in dealing with you we have forgotten that you are dear to us—friends. We should have had to act in the same way if you had ...

— Aladdin & Co. - A Romance of Yankee Magic • Herbert Quick

... rather nice," she said. "For one thing, I haven't any bills. I never lived on a cash basis before. It's a sort ...

— Dangerous Days • Mary Roberts Rinehart

... others who were ready to chance money on the strength of Bill's statements. The company was duly incorporated, with an authorized capital of one hundred thousand dollars, five thousand dollars' worth of stock being taken out by each on a cash basis—the remaining seventy-five thousand lying in the company treasury, to be held or sold for development purposes as the five saw fit when work began to show what the claims were capable ...

— North of Fifty-Three • Bertrand W. Sinclair

... character. Piracy is probably a more profitable line of business than discovery. Discoverers benefit mankind at great sacrifice and expense, and die before they can receive the royal thanks. A pirate's business is all done over the counter on a strictly cash basis." ...

— The Port of Missing Men • Meredith Nicholson

... appropriate to gratefully record the names of those who have most signally aided us in the management of the finances, so as to keep them locally on a cash basis, namely, the Security State bank of Rockwell City, Ia.; 1st National bank of Valliant; and in succession the following dealers in Valliant: O'Bannon & Son; A. J. Whitfield and Planters ...

— The Choctaw Freedmen - and The Story of Oak Hill Industrial Academy • Robert Elliott Flickinger