Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Cash Accounting

Updated on 2023-08-29T11:57:51.418695Z

Cash accounting is a process of recording transactions when they actually happen. For instance, income will be recorded only when the company receives cash and expenses are recorded whenever they are actually paid off and not at the time of billing.