cash basis

noun

1. a method of recording income and expenses in which each item is entered as received or paid.

Example Sentences

Now it was hard to realize that business must be brought to a cash basis.

From Project Gutenberg

He marked his goods down at an early day and began to “sell for cost,” conducting his operations on a strictly cash basis.

From Project Gutenberg

An "all cash basis" is not uncommon these days and often brings a sizable reduction in the asking price.

From Project Gutenberg

(c) Grocers catering to a cheaper class of trade, largely upon a cash basis.

From Project Gutenberg

And it has to be done on a cash basis, for debt would worry Tony out of his wits.

From Project Gutenberg