Journal of Accountancy, Volume 28American Institute of Certified Public Accountants, 1919 - Accounting |
From inside the book
Results 1-5 of 70
Page 2
... treasury department in the matter of federal taxation during the years 1909 to 1917 was not helpful from the point of view of conservative balance - sheets . The agents of the department were constantly disallowing depreciation and ...
... treasury department in the matter of federal taxation during the years 1909 to 1917 was not helpful from the point of view of conservative balance - sheets . The agents of the department were constantly disallowing depreciation and ...
Page 4
... treasury department to disallow such items should be criticised . I will admit that what is known as correct accounting may lead to overcapitalization and inflated profits . In deciding whether an expenditure should be capitalized or ...
... treasury department to disallow such items should be criticised . I will admit that what is known as correct accounting may lead to overcapitalization and inflated profits . In deciding whether an expenditure should be capitalized or ...
Page 6
... treasury department . There will be sad awakenings in many , many cases . If I were a banker I would insist on some verification of the item of tax liability . I do not like the term balance - sheet . The term itself is ill- chosen and ...
... treasury department . There will be sad awakenings in many , many cases . If I were a banker I would insist on some verification of the item of tax liability . I do not like the term balance - sheet . The term itself is ill- chosen and ...
Page 10
... treasury department is as desirous as the accountant that the returns should be fair , and there are times when the client's view may well be accepted on a doubtful point ; but in no circumstances should an accountant subscribe to a ...
... treasury department is as desirous as the accountant that the returns should be fair , and there are times when the client's view may well be accepted on a doubtful point ; but in no circumstances should an accountant subscribe to a ...
Page 11
... treasury department were to be found men , members of this profession , doing all that lay in their power to forward the inter- ests of the different departments . Many of these men gave their services without remuneration and all of ...
... treasury department were to be found men , members of this profession , doing all that lay in their power to forward the inter- ests of the different departments . Many of these men gave their services without remuneration and all of ...
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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.