Cash basis definition

Cash basis shall have the meaning assigned thereto in Section 10.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Cash basis means that system of accounting wherein

Cash basis means a basis of accounting under which transactions are recognized only in the period during which cash is received or disbursed.

Examples of Cash basis in a sentence

The right of Lender to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and other laws of the State of Kansas.
This Agreement is in all respects subject to the provisions of the Kansas Cash Basis Law (K.S.A. 10-112 and 10- 113), the Kansas Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas, and shall be construed and interpreted so as to ensure that the City is at all times in compliance with such laws.
This Agreement is in all respects subject to the provisions of the Kansas Cash Basis Law (K.S.A. 10-112 and 10-113), the Kansas Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas, and shall be construed and interpreted so as to ensure that the City is at all times in compliance with such laws.
The right of the Client to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79- 2935), and other laws of the State of Kansas.

More Definitions of Cash basis

Cash basis means that basis of accounting under which only costs actually paid and revenue actually received are included for any period.

Cash basis means a basis of accounting under which transactions are recognized only in

Cash basis means the basis upon which, in transactions thereon, revenues are accounted for when received in cash and expenditures are accounted for when paid;

Cash basis means the basis of accounting under which revenues are recorded when received in cash and expenditures are recorded when paid.

Cash basis means the balance as of any date, without taking into account expenses incurred that have not been reimbursed as of that date. Thus, pending claims, claims submitted, claims received or claims under review that have not been paid as of a date are not taken into account for purposes of determining the account balance as of that date.

Cash basis means transactions and events are recognised only when cash is received or paid;

Cash basis means that basis of accounting under which only costs actually paid in cash and benefits actually received are included for any period;

Filter & Search

Related Definitions