Cash basis accounting

Unless otherwise defined, this refers to the accounting principle according to which an entry is only made when an amount of money has been received or debited (accounting method that recognizes revenues and expenses merely when there are actual inflows and outflows of money). – See accrual principle, distribution principle, cash accounting, completed contract method.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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