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accounting vs cash basis

cash basis vs accounting

accounting and cash basis both are nouns.

Word NounAdjectiveVerbAdverb
accounting Yes No No No
cash basis Yes No No No
As nouns, cash basis is a hyponym of accounting; that is, cash basis is a word with a more specific, narrower meaning than accounting:
  • accounting: a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
  • cash basis: a method of accounting in which each item is entered as payments are received or made
Other hyponyms of accounting include control account, accounting entry, entry, ledger entry, credit side, debit side, accrual basis, pooling of interest, audit, audited account, limited review, review.
accounting (noun) cash basis (noun)
the occupation of maintaining and auditing records and preparing financial reports for a business a method of accounting in which each item is entered as payments are received or made
a system that provides quantitative information about finances
a convincing explanation that reveals basic causes
a statement of recent transactions and the resulting balance
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Difference between accounting and cash basis

Words related to "accounting"

Words related to "cash basis"

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