Exchange Currency

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 assets.

Related information about modified cash basis:
  1. Modified Cash Basis Definition | Investopedia
    An accounting method that combines elements of the two major accounting methods, the cash method and the accrual method. The cash method recognizes ...
     
  2. What is the modified cash basis of accounting? - Questions ...
    Jan 12, 2012 ... The modified cash basis of accounting uses elements of both the cash basis and accrual basis of accounting. Under the cash basis, you ...
     
  3. What Is a Modified Cash Basis?
    Nov 22, 2012 ... A modified cash basis is an accounting strategy that combines accrual accounting methods with cash accounting. The way a modified...
     
  4. What is modified cash basis? definition and meaning
    Definition of modified cash basis: The bookkeeping practice of recording sales and expenses on an accrual basis for long-term assets and a cash basis for ...
     
  5. What is modified cash basis accounting? definition and meaning
    Definition of modified cash basis accounting: Alternative term for modified accrual basis accounting.
     
  6. Review of the Cash Basis IPSAS, “Financial Reporting Under ... - IFAC
    Jun 1, 2010 ... An IPSAS on the modified cash basis . ..... liabilities, revenue and expenses in their cash (or modified cash) basis GPFRs be made available ...
     
  7. Principles of Accounting
    The cash and accrual techniques may be merged together to form a modified cash-basis system. The modified cash-basis results in revenue and expense ...
     
  8. A look at the modified cash basis. (Accounting - NYSSCPA.org