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

Additional Related Terms: 10-K, Accrual basis accounting, Accrued expense, Active asset, Adjusted basis, Allowance for depreciation, Alternative assets, Asset, Asset/equity ratio, Available assets