The government of Albania said it has approved an agreement with the International Bank for Reconstruction and Development ...

The accrual accounting method is more useful when a person or company is trying to understand the performance of a business over a specified time period.

What Does Accrue Mean in Accounting?. Accountants often talk about booking an accrual journal entry or having to accrue a transaction. They need to book accrual entries when a company has earned ...

ITAT Mumbai grants Vishwaroop Infotech partial relief on unrealized rent and Section 14A disallowance, highlighting commercial expediency and proper expense ...

While the AIS aims to improve voluntary compliance in income tax filing, the system’s early-stage flaws are causing more ...

What Is Accounts Payable in Closing Entries?. Accountants record closing entries at the end of every accounting period. Closing entries transfer the revenues and expenses the company incurred ...

The accounting method your business uses to report income for tax purposes, either cash or accrual, can significantly impact your tax bill. While the cash method can offer tax-saving opportunities ...

ITAT Delhi held that interest expense relating to prior period expenditure is allowable since from the financial positions and profitability declared in the financial statement, it shows that it has ...

Equity accounting is a method of reporting a company's profits from the operations of an affiliated company that it has an interest in but does not own outright.

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...