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In accounting, a basis of accounting is a method used to define, recognise, and report financial transactions. [1] The two primary bases of accounting are the cash basis of accounting, or cash accounting, method and the accrual accounting method. A third method, the modified cash basis, combines elements of both accrual and cash accounting.
In mathematics, a basis function is an element of a particular basis for a function space. Every function in the function space can be represented as a linear combination of basis functions, just as every vector in a vector space can be represented as a linear combination of basis vectors .
A projective basis is + points in general position, in a projective space of dimension n. A convex basis of a polytope is the set of the vertices of its convex hull. A cone basis [5] consists of one point by edge of a polygonal cone. See also a Hilbert basis (linear programming).
Basis point, 0.01%, often used in the context of interest rates; Basis trading, a trading strategy consisting of the purchase of a security and the sale of a similar security Basis of futures, the value differential between a future and the spot price; Basis (options), the value differential between a call option and a put option
The cash method of accounting, also known as cash-basis accounting, cash receipts and disbursements method of accounting or cash accounting (the EU VAT directive vocabulary Article 226) records revenue when cash is received, and expenses when they are paid in cash. [1]
An orthonormal basis can be derived from an orthogonal basis via normalization. The choice of an origin and an orthonormal basis forms a coordinate frame known as an orthonormal frame. For a general inner product space , an orthonormal basis can be used to define normalized orthogonal coordinates on .
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In theoretical and computational chemistry, a basis set is a set of functions (called basis functions) that is used to represent the electronic wave function in the Hartree–Fock method or density-functional theory in order to turn the partial differential equations of the model into algebraic equations suitable for efficient implementation on a computer.