| Definition |
an accounting method that recognizes income and expenses at the time cash is received or paid out The other accounting methods include: https://www.investopedia.com/terms/a/accrualaccounting.asp https://www.investopedia.com/terms/c/cashbasis.asp https://www.investopedia.com/terms/m/modified-accrual-accounting.asp CA Civ. Code § 5200 |
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