Journal of Accountancy, Volume 28American Institute of Certified Public Accountants, 1919 - Accounting |
From inside the book
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Page 3
... fact which must not be ignored that the inventory figures which remain after all deductions and reserves have been taken into account are far above pre - war values and that , if pre - war prices were to prevail again within the near ...
... fact which must not be ignored that the inventory figures which remain after all deductions and reserves have been taken into account are far above pre - war values and that , if pre - war prices were to prevail again within the near ...
Page 5
... fact that we were endeavoring to fix uniform prices which would yield a satis- factory profit or return on investment to the average concern in a given line of business . We could not legislate for the high cost concern nor the weak ...
... fact that we were endeavoring to fix uniform prices which would yield a satis- factory profit or return on investment to the average concern in a given line of business . We could not legislate for the high cost concern nor the weak ...
Page 6
... fact of the omission . The point is not even debatable . If a profit has been earned a considerable part of it must be set aside for federal taxes . In the state of New York the amount payable under the new law is not inconsiderable ...
... fact of the omission . The point is not even debatable . If a profit has been earned a considerable part of it must be set aside for federal taxes . In the state of New York the amount payable under the new law is not inconsiderable ...
Page 7
... fact I would not employ a bookkeeper who did not understand the gentle art of balancing , just as I insist that my thirteen - year - old boy must study Latin and algebra . Balancing and Latin are forgivable as elements of a liberal ...
... fact I would not employ a bookkeeper who did not understand the gentle art of balancing , just as I insist that my thirteen - year - old boy must study Latin and algebra . Balancing and Latin are forgivable as elements of a liberal ...
Page 10
... fact that these responsibilities are vital and their observ- ance of extreme importance in his practice . A ... facts regarding the affairs of the institution he is investigating ; and in general he is not swayed by a desire or an intent ...
... fact that these responsibilities are vital and their observ- ance of extreme importance in his practice . A ... facts regarding the affairs of the institution he is investigating ; and in general he is not swayed by a desire or an intent ...
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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.