Cash basis definition

Cash basis shall have the meaning assigned thereto in Section 10.1.
Cash basis means that basis of accounting under which only costs actually paid and revenue actually received are included for any period.
Cash basis means the basis of accounting under which revenues are recorded when received in cash and expenditures are recorded when paid.

Examples of Cash basis in a sentence

  • But the way forward is for the Treasurer and the Secretary to impute payment on the Club runner on 'Cash basis.

  • Cash basis calculations exclude intangible assets and the related amortization expense.


More Definitions of Cash basis

Cash basis means that system of accounting wherein
Cash basis means a basis of accounting under which transactions are recognized only in the period during which cash is received or disbursed.
Cash basis means a basis of accounting under which transactions are recognized only in
Cash basis means the basis upon which, in transactions thereon, revenues are accounted for when received in cash and expenditures are accounted for when paid;
Cash basis shall have the meaning assigned thereto in Section 10.1. “Cash Consideration Amount” shall have the meaning assigned thereto in Section 2.2(a).
Cash basis. ’ means the balance as of any date, without taking into account expenses in- curred that have not been reimbursed as of that date. Thus, pending claims, claims submitted, claims received or claims under review that have not been paid as of a date are not taken into account for purposes of determining the account balance as of that date.
Cash basis means a budgeting and reporting system that encompasses all cash receipts and payments that are subject to being administered in the bank accounts of budget organisations, including their cash operations or assimilated operations according to the relevant provisions of the accountability standards and guidelines applicable to budget organisations referred to in Article 164(1).