Cash basis accounting definition

Cash basis accounting means the accounting basis which records expenses when bills are paid and income when money is received.
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Cash basis accounting means revenues are recorded when cash is received.
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Cash basis accounting means the accoun­ ting basis which records expenses when bills are paid and income when money is received.
Sample 1

Examples of Cash basis accounting in a sentence

  • IPSAS Cash basis accounting method was adopted in the preparation of the financial statements.

  • A proprietary institu- tion meets the requirement in§ 668.14(b)(16) that at least 10 percent of its revenue is derived from sources other than Title IV, HEA program funds by using the formula in appendix C of this subpart to calculate its rev- enue percentage for its latest complete fiscal year.(2) Cash basis accounting.

  • Cash basis accounting, while not preferred, is acceptable for agencies with less than $250,000 annual revenues.

  • A proprietary institution determines whether it satisfies the requirement in§ 668.14(b)(16) that at least 10 percent of its revenue is derived from sources other than title IV, HEA program funds by using the formula in appendix C of this subpart to calculate its revenue percentage for its latest complete fiscal year.(2) Cash basis accounting.

  • The Client agree that the Client are solely responsible for these requirements, including any applicable changes, updates and fees as well as the terms of the Client’s agreement with the Client’s mobile device and telecommunications provider.

  • A proprietary institution meets the requirement in§ 668.14(b)(16) that at least 10 percent of its revenue is derived from sources other than Title IV, HEA program funds by using the formula in appendix C of this subpart to calculate its revenue percentage for its latest complete fiscal year.(2) Cash basis accounting.

  • The common basis of accounting are: Cash Basis Accounting Cash basis accounting provides for the recording of revenues when received in cash and the recording of expenditures when paid in cash.

  • Cash basis accounting is an optional and simplified method for calculating and reporting taxable profits for qualifying trading businesses.

  • Cash basis accounting may be two to three months spent or received not always three months of data.The percentages will follow reasonably closely with the quarter’s, that is 17-25% for the first quarter, 42-50% for the second quarter, 67-75% for the third quarter and 100% budget received or expended for the fourth quarter report.

  • Cash basis accounting is an accepted accounting method for royalty trusts such as the Trust.

Related to Cash basis accounting

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: