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It is the special circumstances that reduce a person's federal tax bill.
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∙ 12y ago
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Which of these is a description of allowances?
special circumstances that reduce a persons federal tax bill
What is the journal entry for sales returns and allowances?
Debit: Sales Returns & Allowances Credit: Accounts Receivable :)
What is tax written down value?
For capital allowances purposes, the balance of expenditure in respect of which capital allowances have not yet been claimed.
What are Condition for granting capital allowances?
That a claim must be made by the taxpayer before capital allowances can be granted.No capital allowances shall be made to an individual for a year of assessment unless claimed by him for that year (para.25 of 5th schedule of PITA 1993)
What is the balance for purchase return and allowances?
CREDIT
Which of these is a description of allowances?
special circumstances that reduce a persons federal tax bill
Allowances for sbi award staff?
allowances during transfer
What is claiming certain allowances?
People claim certain allowances called benefits.
What is sales returns and allowances classified as?
An income account. Debit Returns & Allowances, Credit Cash.
What kind of an account are sales return and allowances?
Sales Returns and Allowances is a contra income account.
What all benefits or allowances is a director of private limited firm allowed?
1.House rent 2.medical 3.conveyance 4.helper allowances 5.Academic allowances
What is the journal entry for sales returns and allowances?
Debit: Sales Returns & Allowances Credit: Accounts Receivable :)
Is a sales return and allowances a liability?
Sales returns and allowances is not a liability rather these are expenses or reduction in actual sales
What are the recommended daily allowances based on a 1500 calorie diet?
What are the recommended daily allowances based on a 1500 calorie diet
A general guide to the amount of nutrients needed daily?
RDA (Recommended Daily Allowances)
The Sales Returns and Allowances account is classified as a?
Sales Returns and Allowances are contra revenue accounts because they reduce that total amount of sales. [Sales-Sales returns and allowances=Net sales]. They are reported on the income statement.
Are chef given allowances?
No
