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What is the proper tax refund accounting entry to record the return of excess taxes paid by a company?

The proper tax refund accounting entry to record the return of excess taxes paid by a company is to debit the cash account for the amount of the refund received and credit the income tax expense account to reduce the tax expense recorded.


How do you calculate the holding-period return?

The holding-period return (HPR) formula is the return an investor would get for holding a security for a specific period.HPR = (Pt + D / Pt-1) - 1Where,Pt is the stock price at the end of the period of time.D is the dividend payment.


What are the motives for holding cash?

There could be many reasons for a company wanting to hold cash. They might be in acquisition mode and be negotiating to buy equipment or other companies. The company may require the cash for cash flow purposes in the near future. The company may have plans to pay the cash out as a dividend in the near future. Holding cash however can be dangerous because in some cases it makes a company vulnerable to a takeover bid, or the company may miss out on investment opportunities that could bring the company additional return.


What is the personal rate of return for a 401k account?

The personal rate of return for a 401k account is the percentage increase or decrease in the account's value over a specific period, taking into account contributions, withdrawals, and investment gains or losses.


How can one calculate the holding period return for an investment?

To calculate the holding period return for an investment, subtract the initial investment amount from the final investment value, then divide by the initial investment amount. Multiply the result by 100 to get the percentage return.

Related Questions

If supplies are return back to company and a reduction is on the account is it a credit or debit?

Debit account


What is the normal balance of a capital account?

Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.


What is the average return on a checking account?

average return on a checking account is about 0.1


What is the proper tax refund accounting entry to record the return of excess taxes paid by a company?

The proper tax refund accounting entry to record the return of excess taxes paid by a company is to debit the cash account for the amount of the refund received and credit the income tax expense account to reduce the tax expense recorded.


What is the journal entry for sales return?

[Debit] Sales Return account [Credit] Cash account


What is journal entry to record return of supplies on account?

debit accounts payablecredit supplies return account


If you invest in a company and the funds are put into a non company account what action can you take as these are not being accounted for properly?

If you have invested the money for some return, and the said money has been put in non company account, it's a forgery. You should register your protest along with a copy to the Registrar of Companies for needful action.


How do you calculate the holding-period return?

The holding-period return (HPR) formula is the return an investor would get for holding a security for a specific period.HPR = (Pt + D / Pt-1) - 1Where,Pt is the stock price at the end of the period of time.D is the dividend payment.


What account is affected in an account journal when you return office supplies that was bought on account?

Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.


What does return on assets mean to a small company?

"Return on assets, also known as return on investments, is an indication of how well a company uses their holdings to generate a profit. With any company, the higher the return, the better the company is doing."


Give an account of the circumstances which led to John's return to Mananwaka?

Give an account of the circumstances which led to John's return to Mananwaka?


The real return on holding money?

inflation rate