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Year Accounting - Law Dictionary Search Results

Audit

companies, had been the subject of similar legisla-tion form any years. The (English) Companies Act, 1929, ss. 132 to 134 now … Audit, an examining of accounts. An audit may be either detailed or administrative, and is

Account or Accompt

months after incorporation and subsequently at least once in every year a profit and loss account and balance sheet, to copies … Account or Accompt [fr. compte, Fr., computo, Lat.], a registry of

Accounts, falsification of

Vict. C. 24), punishable by penal servitude up to seven years or imprisonment, with or without hard labour, up to two … Accounts, falsification of, a misdemeanour on the part of a clerk,

Tithe Rent-Charge

called tithe from being the tenth part of the increase yearly arising and renewing from the profits of lands, the stock … landowner such sum as the landowner had properly paid on account of tithe rent-charge to the tithe-owner: see Tuff v. Guild

bad debt expense

example, your company estimates that it has about $1,200 per year in accounts that are not collectable. Your company would make … that are not collectable. Your company would make the following accounting entries each month: a debit to your "bad debt expense"

Co-operative year

Co-operative year, A co-operative year means the year commencing the first day … 31st day of March of the year and where the accounts of such society or class of such societies are, with

Appropriation Accounts

which relate the expenditure brought to account during a financial year, to the several items specified in the law made in … Appropriation Accounts, 'appropriation accounts' means accounts which relate the expenditure brought to

cash accounting

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

accrual accounting

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

For any year

For any year, the words 'for any year' mean for any assessment yearyear' mean for any assessment year and not for any accounting year, First Additional ITO v. H.N.S. Iyengar, AIR 1962 SC

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