cash accounting
noun
  1. an accounting method in which receipts and expenses are recorded in the accounting books in the period when they actually occur

  2. in the United Kingdom, a system for value added tax that enables the tax payer to account for tax paid and received during a given period, thus allowing automatic relief for bad debts

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Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA)
Central Registration Depository (CRD)
customs union
allowable deductions
monetary items