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Home > QFINANCE Dictionary > Definition of cash accounting

Definition of

cash accounting

  • 1. Accounting

    recording money transactions as they occur an accounting method in which receipts and expenses are recorded in the period when they actually occur.

    Related definitions of "cash accounting"

  • 2. Tax

    UK system giving automatic VAT relief on debts in the United Kingdom, a system for value-added tax that enables the taxpayer to account for tax paid and received during a given period, thus allowing automatic relief for bad debts

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cash accounting - Related Articles

  • Accounting

    Key Concepts

    Virtually all countries require companies, as well as other organizations which carry out financial transactions, such as charities, to produce a set of accounts. However, the requirement on which data should or should not be included in a set of accounts varies widely from country to country

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Definitions of ’cash accounting’ and meaning of ’cash accounting’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cash accounting’ and other financial terms with our online QFINANCE Financial Dictionary.

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