Assertion: accounting | /r/CapableOf | recognize expense
Facets:
value: on a cash basis
type: MANNER
Source sentences:
text: Instead, businesses must use the accrual basis of accounting that recognizes revenues and expenses when they are earned or occur.
text: Many small businesses utilize an accounting system that recognizes revenue and expenses on a cash basis, meaning that neither revenue nor expenses are recognized until the cash associated with them actually is received.