Cash Basis Accounting Definition

Below please find a definition of “Cash Basis Accounting”

Financial Analysis Training & Glossary TermsCash Basis Accounting: It is one of the several methods of accounting where a record of income is made only after cash is received and when cash is paid out, the expenses are recorded in the system. This method of accounting may not the most efficient way followed but is suitable for smaller organizations where cash is the primary source of transaction.

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