Читать книгу Cost Accounting For Dummies - Kenneth W. Boyd - Страница 55

The cash basis of accounting recognizes revenue when cash is received and posts expenses when they are paid in cash. This method means that you post your accounting activity based on when cash moves in or out of your business. It’s accounting by “using your checkbook.”

Recognizing revenue or expenses refers to the timing of when you post the amounts to your accounting records.