What does tax is not assumed means in accounting?
Answers
Answered by
0
Answer:
Tax accounting is the subsector of accounting that deals with the preparations of tax returns and tax payments. Tax accounting is used by individuals, businesses, corporations and other entities. Tax accounting for an individual focuses on income, qualifying deductions, donations, and any investment gains or losses.
PLEASE MARK IT AS BRAINLIEST AND FOLLOW ME.
Answered by
0
Answer:
This Standard does not specify when, or how, an enterprise should account for ... 4.1 Accounting income (loss) is the net profit or loss for a period, as ... In the above case, assuming that.
Similar questions