In cash basis accounting,revenue is recorded when cash is received,and expenses are recorded when they are paid.

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Cash basis accounting is a method of accounting where revenue is recorded when cash is received and expenses are recorded when they are paid. This means that an expense is recognized only when cash is paid out and a revenue is recognized only when cash is received. It is a simpler method of accounting and is generally used by small businesses.

In Cash Basis Accounting,revenue Is Recorded When Cash Is Received,and