Journal of Accountancy, Volume 28American Institute of Certified Public Accountants, 1919 - Accounting |
From inside the book
Results 1-5 of 29
Page 40
... authorized representative of any taxpayer for the presentation of claims and appeals and for the argument of cases under con- sideration . At the same time it has been discovered that in this kind of legal and accounting practice ...
... authorized representative of any taxpayer for the presentation of claims and appeals and for the argument of cases under con- sideration . At the same time it has been discovered that in this kind of legal and accounting practice ...
Page 48
... authorize directors to be generous with the money of their stockholders even for such laudable purposes . It is concluded , therefore , that corporations are not entitled to deduct from their gross income for the purpose of the income ...
... authorize directors to be generous with the money of their stockholders even for such laudable purposes . It is concluded , therefore , that corporations are not entitled to deduct from their gross income for the purpose of the income ...
Page 74
... authorized , and to no other consideration . No stockholder has any right to read that the original amount invested was $ 100,000 or that the total accumulated profits during the company's life are $ 20,000 , but only that these figures ...
... authorized , and to no other consideration . No stockholder has any right to read that the original amount invested was $ 100,000 or that the total accumulated profits during the company's life are $ 20,000 , but only that these figures ...
Page 93
... authorized purposes , and the amounts so used are considered as loans made by the fund and interest is charged thereon . Bookkeeping entries must be made accordingly , namely , debit " current cash , " credit " deprecia- tion fund cash ...
... authorized purposes , and the amounts so used are considered as loans made by the fund and interest is charged thereon . Bookkeeping entries must be made accordingly , namely , debit " current cash , " credit " deprecia- tion fund cash ...
Page 107
... authorized to approve vouchers , sign cheques , etc. This memorandum can also be utilized in con- ducting future audits . When the accountant has progressed far enough in the work to formulate a comprehensive plan , he should prepare a ...
... authorized to approve vouchers , sign cheques , etc. This memorandum can also be utilized in con- ducting future audits . When the accountant has progressed far enough in the work to formulate a comprehensive plan , he should prepare a ...
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Common terms and phrases
actual additional allowance amount annuity applied assets audit authorized balance balance-sheet basis beginning bonds building capital stock carried cash cent certificate charged claim column computed consideration corporation cost cover deduction depreciation determined difference discount dividends earned effect entire entries examination excess expenses fact filed fixed flour fund given important included income increase institute interest inventory invested capital issued less liability loss March material method month necessary notes operating original paid partnership payable payment period person plant practice preferred premium prepared present value principle production profits proper purchase question reason received records regard regulations rents represent reserve result rule selling shares shown sold statement stockholders surplus taken taxable taxpayer tion treasury United
Popular passages
Page 220 - ... in any manner whatever not provided by law any income return, or any part thereof or source of income, profits, losses, or expenditures appearing in any income return; and any offense against the foregoing provision shall be a misdemeanor and be punished by a fine not exceeding $1,000 or by imprisonment not exceeding one year, or both...
Page 139 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 47 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 315 - One of the original members shall be appointed for a term of one year, one for a term of two years, one for a term of three years, one for a term of four years, and one for a term of five years...
Page 379 - ... all losses actually sustained within the year and not compensated by insurance or otherwise...
Page 379 - ... such net income shall be ascertained by deducting from the gross amount of its income received within the year from business transacted and capital invested within the United States and any of its territories, Alaska and the District of Columbia (first), all the ordinary...
Page 221 - ... any income return, or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law; and it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 381 - Treasury, is hereby authorized to make all needful rules and regulations for the enforcement of the provisions of this Act.
Page 377 - That in case a person or persons supplying a contractor with labor or material as provided by the Act of Congress, approved February 24, 1905 (33 Stat.
Page 376 - ... in case of any default in the performance of any of the conditions or stipulations of such penal bond.