noun
a method of accounting in which each item is entered as payments are received or made (Freq. 1)
• Ant: ↑accrual basis
• Hypernyms: ↑accounting, ↑accounting system, ↑method of accounting
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noun : a method of keeping accounts that includes as income only what has been received in cash and as expenses only those paid in cash — compare accrual basis
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a method of recording income and expenses in which each item is entered as received or paid. Cf. accrual basis.
Useful english dictionary. 2012.