Assertion: cash accounting | /r/CapableOf | recognize expense
Facets:
Source sentences:
text: Cash basis accounting is an accounting system that recognizes revenues and expenses only when cash is exchanged.
text: While the cash basis accounting recognizes revenues and expenses only when cash is collected or disbursed, the accrual basis of accounting recognizes revenues and expenses when they occur or when they are earned.
text: Definition: Cash basis accounting is an accounting system that recognizes and records income and expenses as they are paid in cash.