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.]

---

词条贡献者

资深译员Jeffrey，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与建设工程诉讼有关的法律文件。