what does "cash basis" mean?作者: giorgio10 时间: 2011-7-13 13:35
anyone? it's referred to in the EOC questions...作者: SpyAli 时间: 2011-7-13 13:35
It means when financial statements are prepared using cash as the basis (revenues and expenses are recognized when cash is actually received and paid out). It is an accounting method as opposed to the accrual method of accounting.作者: SFoyil 时间: 2011-7-13 13:35
that it is settled within couple of days (usually 3 days) vs. forward markets
