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keeping adequate record of corporate income tax is the same rule as keeping adequate records in preparing financial statement right? Then it is under uk companies act section 386?
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What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
What is BAF course?
BAf means bachelor of accounting and finance , that is which related to banking and generate the record of organizations records and accounting
Where can one purchase corporate kits for storing records?
One can purchase a corporate kit for storing records at your local book and stationary store. The kits contain a corporate seal, blank stock certificates and forms to record minutes of meetings.
The reasons for keeping accounting record?
for a-level accounting . why stakeholders(customers) use the accounting records for guarantees and order met??? the reason for keeping accounting records because human memmory is short and changable, so there is chances of contravercies in future that's why account bookss are keeping
What machine inspired the double entry accounting method?
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
What constitutes a corporate record?
Corporate records are those records a corporation needs to keep in order to show that it is functioning in the manner required by the Internal Revenue Service and the laws of the state in which the business is incorporated. Corporate records are needed to show that the corporation is functioning appropriately and in order to show that the corporation is a separate entity and to maintain the corporate shield from liability.
What is the definition of manual accounting?
manual accounting means making records of transactions in record books rather than computers.
What two basic records are generated in most payroll accounting systems?
payroll register and earnings record
Advantages and disadvantages of using manual accounting system accounting?
An advantage to using manual accounting systems is that there is a written record of transactions. A disadvantage to manual accounting is the risk of fire destroying records or a risk of human error.
Scope of managerial accounting?
The scope of managerial accounting focuses on the financial aspects of the organization. This will include proper record keeping, balancing records and so much more.
What is record keeping in a business?
Maintaining daily transaction records in account books in a business is called record keeping. While it was manual in early days, presently all records are kept in computer generated accounting system where chances of error is minimum.
Studio owner Sam Phillips used the income from the success of what record to start Sun Records?
Rocket 88
