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accounting system vs cash basis

cash basis vs accounting system

accounting system and cash basis both are nouns.

Word NounAdjectiveVerbAdverb
accounting system Yes No No No
cash basis Yes No No No
As nouns, cash basis is a hyponym of accounting system; that is, cash basis is a word with a more specific, narrower meaning than accounting system:
  • accounting system: 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
accounting system (noun) cash basis (noun)
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts a method of accounting in which each item is entered as payments are received or made
Difference between accounting system and cash basis

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