cash basis accounting method

An accounting method that considers only cash actually received as income and cash actually paid out as an expense. Cf. accrual accounting method. [Cases: Internal Revenue 3100; Taxation 1078. C.J.S. Internal Revenue §§ 25, 44, 56; Taxation § 1759.]
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译员海燕,毕业于法国顶尖的高级翻译学院,专注翻译各种与破产对抗诉讼有关的法律文件。
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