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.

Free MP3 Download:  To download our free 35 minute audio interview with expert Richard C. Wilson on how to succeed in the field of finance please click here.

Fast Financial Training: If you want to take your finance or business career to the next level you should explore our financial analysis certification program, or our training programs on financial modeling, investment banking, hedge funds, or private equity. All of these programs are offered on http://BusinessTraining.com

Expand Your Financial Vocabulary: Read more finance terms and definitions

Tags:  What is cash basis accounting?, Define cash basis accounting, Meaning of cash basis accounting, Cash basis accounting definition, Cash basis accounting examples, Cash basis accounting meaning, Cash basis accounting depreciation, Cash basis accounting inventory

About Richard Wilson