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Cash Basis শব্দের বাংলা অর্থ: নগদ ভিত্তিতে
Cash Basis Meaning In Bengali নগদ ভিত্তিতে
Cash Basis
নগদ ভিত্তিক,
Definition
1) Cash Basis refers to an accounting method where revenue and expenses are recorded when cash is actually received or paid out, rather than when they are incurred.
2) In terms of taxation, Cash Basis is a method where income is recognized when received and expenses are recognized when paid, leading to a simpler and more straightforward way of keeping track of finances for small businesses.
3) Cash Basis is commonly used by individuals and small businesses to track their financial transactions without the need for complex accrual accounting methods.
Examples
Cash Basis Example in a sentence
1) The business records its revenue and expenses on a cash basis, meaning transactions are recorded when the cash is actually received or paid out.
2) Using the cash basis of accounting, income is recognized when cash is received, regardless of when the sale actually occurred.
3) Cash basis accounting is simpler than accrual basis accounting because it only considers actual cash transactions.
4) The company's financial statements are prepared on a cash basis, providing a clear picture of its cash flow.
5) Small businesses often opt for cash basis accounting due to its straightforward approach to financial reporting.
6) By operating on a cash basis, the business can easily track its cash inflows and outflows.
7) It's important for businesses to understand the differences between cash basis and accrual basis accounting methods.
8) Cash basis accounting is commonly used by freelancers and sole proprietors who want to simplify their bookkeeping.
9) The financial statement prepared on a cash basis reflects only the cash transactions that have occurred during a specific period.
10) When using the cash basis of accounting, expenses are recognized when cash is paid, not when the expense is incurred.
Part of Speech
Cash Basis (Adverb)
Synonyms
Cash Basis - (SYNONYM) নগদ ভিত্তিক
Encyclopedia
Cash Basis refers to an accounting method where revenue and expenses are recorded when cash is actually received or paid out, rather than when they are incurred.
In terms of taxation, Cash Basis is a method where income is recognized when received and expenses are recognized when paid, leading to a simpler and more straightforward way of keeping track of finances for small businesses.
Cash Basis is commonly used by individuals and small businesses to track their financial transactions without the need for complex accrual accounting methods.
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