BIM74005 - Abolition of the cash basis: Barristers

Barristers were in a category of their own

In practice, the actual basis adopted varied from one business to another. Some businesses, notably practising Barristers (who had their own specific practice, SP/A3, rather than SP/A27), adopted a ‘pure’ cash basis under which monies were brought to account only as physically received or paid out. Often the basis was some kind of hybrid, for example, one that recognised receipts as bills were issued. Most such bases did not include any figure for work in progress.