cash basis :

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cash basis

  • n  a method of accounting in which each item is entered as payments are received or made
News & Articles

  • MVTHS gets clean audit report
    MT. VERNON -- Mt. Vernon Township High School's annual audit for fiscal year 2013 uncovered no serious negative findings, said auditor Jim Leuty of Krehbiel & Associates. "We issue an opinion that it's a clean audit on the cash basis of accounting,"
    Oct. 18, 2013 - Mt. Vernon Register-News

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