The bookkeeping practice of recording sales and expenses on an accrual basis for long-term assets and a cash basis for short-term assets.
Related information about modified cash basis:
- Modified Cash Basis Definition | Investopedia
An accounting method that combines elements of the two major accounting methods, the cash method and the accrual method. The cash method recognizes ...
- What is the modified cash basis of accounting? - Questions ...
Jan 12, 2012 ... The modified cash basis of accounting uses elements of both the cash basis and accrual basis of accounting. Under the cash basis, you ...
- What Is a Modified Cash Basis?
Nov 22, 2012 ... A modified cash basis is an accounting strategy that combines accrual accounting methods with cash accounting. The way a modified...
- What is modified cash basis? definition and meaning
Definition of modified cash basis: The bookkeeping practice of recording sales and expenses on an accrual basis for long-term assets and a cash basis for ...
- What is modified cash basis accounting? definition and meaning
Definition of modified cash basis accounting: Alternative term for modified accrual basis accounting.
- Review of the Cash Basis IPSAS, “Financial Reporting Under ... - IFAC
Jun 1, 2010 ... An IPSAS on the modified cash basis . ..... liabilities, revenue and expenses in their cash (or modified cash) basis GPFRs be made available ...
- Principles of Accounting
The cash and accrual techniques may be merged together to form a modified cash-basis system. The modified cash-basis results in revenue and expense ...
- A look at the modified cash basis. (Accounting - NYSSCPA.org