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Cash basis   /kæʃ bˈeɪsəs/   Listen
Cash basis

noun
1.
A method of accounting in which each item is entered as payments are received or made.






WordNet 3.0 © 2010 Princeton University








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"Cash basis" Quotes from Famous Books



... 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

... all it was to heap upon it and its inhabitants the scorn they considered was justly earned by a settlement which looked at a miner askance, and from whence stores, for years past, had been unobtainable save on a cash basis. The name of Marmot did not rank high with the fossickers when funds were low, and the joys of the Carrier's Rest were only known to the man who had "struck it" from time to time in the creek; but the aloofness of Cudlip's Rest the previous Christmas still rankled, ...
— Colonial Born - A tale of the Queensland bush • G. Firth Scott

... 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



Words linked to "Cash basis" :   accrual basis, method of accounting, accounting system, accounting



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