Journal of Accountancy, Volume 28American Institute of Certified Public Accountants, 1919 - Accounting |
From inside the book
Results 1-5 of 92
Page 3
... basis . The most liberal reserves were provided for possible losses in accounts receivable . All possible liabilities were set up in the books . This same policy was continued throughout 1918 , so that the average balance - sheet of the ...
... basis . The most liberal reserves were provided for possible losses in accounts receivable . All possible liabilities were set up in the books . This same policy was continued throughout 1918 , so that the average balance - sheet of the ...
Page 4
... basis as the average balance - sheet at the end of 1918 , losses due to bad loans will diminish . I insist , however , that much that was commendable in the house - cleaning as applied to balance - sheets was due to high taxation rather ...
... basis as the average balance - sheet at the end of 1918 , losses due to bad loans will diminish . I insist , however , that much that was commendable in the house - cleaning as applied to balance - sheets was due to high taxation rather ...
Page 5
... basis of comparison between concerns in the same indus- try , buying the same raw materials and producing the same articles . As a member of the price fixing committee in Washing- ton , I was amazed at the tremendous differences which ...
... basis of comparison between concerns in the same indus- try , buying the same raw materials and producing the same articles . As a member of the price fixing committee in Washing- ton , I was amazed at the tremendous differences which ...
Page 6
... basis of plant valuations . Theoretically money is not lent on fixed assets . This theory , however , contains a great fallacy , because it would be far better business to lend money to a con- cern which had a plant of good earning ...
... basis of plant valuations . Theoretically money is not lent on fixed assets . This theory , however , contains a great fallacy , because it would be far better business to lend money to a con- cern which had a plant of good earning ...
Page 16
... basis so that each month's opera- tion will be charged only with the expense consumed during that month . Even in well - planned , modern offices , the monthly insurance charge is usually ascertained by estimation - for instance , one ...
... basis so that each month's opera- tion will be charged only with the expense consumed during that month . Even in well - planned , modern offices , the monthly insurance charge is usually ascertained by estimation - for instance , one ...
Other editions - View all
Common terms and phrases
accrued actual allowance American Institute amount annuity assets audit auditor balance-sheet basis bonds book value capital stock Carrying value cash cent certificate certified public accountant charged claim collector column computed consolidated controlling account corporation cost accountant debit December 31 deduction depreciation depreciation reserve determined discount dividends earned entries examination excess profits tax expenses filed flour fund goodwill income tax increase Institute of Accountants interest internal revenue inventory invested capital issued June 16 ledger liability market value material ment method month operating paid par value partnership payable payment period person plant practice preferred stock premium present value production profit and loss purchase question received records rents reserve revenue act selling price shares sold statement stockholders subsidiary companies surplus taxpayer tion transaction treasury stock trial balance United wheat
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.