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Modified cash basis

The bookkeeping practice of recording Sales and expenses on an accrual Basis for Long-term assets and a cash Basis for short-term Asset.

Related Terms: 12 Asset, Basis, Cash, Cash basis, Expense, Long, Long-term, Record, Sales, Short-term, Short, Term
Other Related Pages: Category: Accounting Starting With: M
Semi Related Terms: 501 CLICK HERE TO VIEW