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Accounting profits and assessable profit

Accounting profits and assessable profit, these two concepts, 'accounting profits' and

Working days in any accounting year

Working days in any accounting year, in the case of a factory which works seasonally

accrual basis accounting

accrual basis accounting An accounting method that records sales, expenses or other events

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cash basis accounting

cash basis accounting An accounting method that records sales and expenses when the

general accounting office

general accounting office (GAO) The federal government office that carries out legal,

Accounting reference period and date

Accounting reference period and date, is determined according to its accounting

Year accounting

Year accounting, s. 2 of the Payment of Bonus Act, 1965 defines

accounting

accounting 1 : an often court-ordered presentment or examination of accounts

accrual accounting

accrual accounting Income is reported in the year it is earned, and

cash accounting

cash accounting Income is reported in the year it is received, and

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