Cash accounting definition

Cash accounting means the operator does not enter the rent due from a transient on his records until rent is paid.

Cash accounting means a system whereby the operator does not enter the rent due from a transient on the records until rent is paid.

Cash accounting means that the operator makes no entry on transient lodging facility records for rent due from a transient until the rent is paid.

Examples of Cash accounting in a sentence

• Cash accounting fits the need for expenditure control, provided that it is complemented by an adequate system for registering commitments and reporting on arrears.

• During the transition period, EU law, including EU VAT rules, continues to apply to and in the United Kingdom as if it were a Member State.Article 167a (Cash accounting) Article 167a allows Member States from 1 January 2013 to take measures within an optional scheme for cash accounting to postpone the right of deduction of a taxable person until the VAT on the goods or services supplied to him has been paid to his supplier.

• Cash accounting can too easily neglect asset management, accumulating arrears, future liabilities (e.g., pensions), and contingent liabilities (e.g., guarantees).4.

• Cash accounting is based on recognition of transactions when there are cash movements.In order to reconcile this to the cash results, differences between accrual and cash accounting need to be taken into account.

• The means used to determine existence of local debtors or creditors and the amount of money, if any, collected and disbursed.c. Cash accounting.

More Definitions of Cash accounting

Cash accounting means a system of accounting where the operator does not enter the rent due from a transient on the operator’s records until the rent is paid.

Cash accounting means the lodging tax collector does not enter the rent due from a registered guest on his or her records until rent is paid.

Cash accounting means a system of accounting in which the operator does not enter the rent due from a transient into the record until the rent is paid.

Cash accounting means the method according to which:

Cash accounting means a system of accounting in which the operator does not enter the rent due from a transient on the records until rent is paid.

Cash accounting means a system of accounting in which a transient lodging tax collector does not record the rent due from a transient until the rent is paid.

Cash accounting means a system of accounting in which the Lodging Tax Collector does not enter the rent due from a transient on their records until the rent is paid.