Cash basis shall have the meaning assigned thereto in Section 10.1.
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.
Examples of Cash basis in a sentence
Cash basis financial statements do not report liabilities for bonds and other long-term obligations.
Cash basis financial statements omit recognition of receivables and payables and other accrued and deferred items that do not arise from previous cash transactions.
Cash basis financial statements do not report liabilities for long-term obligations.
Cash basis is the method of reporting revenues and expenses when cash is actually received or paid out.
Cash basis means that basis of accounting under which only costs actually paid and revenue actually received are included for any period.
More Definitions of Cash basis
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 upon which, in transactions thereon, revenues are accounted for when received in cash and expenditures are accounted for when paid;
Cash basis means a basis of accounting under which transactions are recognized only in
Cash basis means the basis of accounting under which revenues are recorded when received in cash and expenditures are recorded when paid.
Cash basis means the balance as of any date, without taking into account expenses incurred 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 that basis of accounting under which only costs actually paid in cash and benefits actually received are included for any period;
Cash basis means transactions and events are recognised only when cash is received or paid;