Journal of Accountancy, Volume 31American Institute of Certified Public Accountants, 1921 |
Outras edições - Ver tudo
Palavras e frases frequentes
Accounts receivable amended American Institute amount announce the removal applied assets audit balance balance-sheet bank basis Berlin bank bonds bonus branch books bricks capital stock capital surplus cash cent certificates Certified Public Accountants charged collector commission computed corporation court Czecho debit December 31 decision deduction depletion depreciation determined discount dividends dollars entry equipment examination excess-profits tax expense federal home office income tax income-tax Institute of Accountants interest internal revenue inventory invested capital issue JOURNAL OF ACCOUNTANCY kilns labor lease ledger liabilities manufacturing March ment method mineral normal October 31 operating paid payable payment period plaintiff plaintiff in error plant preferred stock present production profit and loss Public Accountants purchase question received records reserve selling sixteenth amendment sold surplus taxable taxpayer tion transactions treasury trial balance trust United York
Passagens conhecidas
Página 446 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Página 97 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when they come to the end of their life.
Página 435 - ... (c) Guardians, trustees, executors, administrators, receivers, conservators, and all persons, corporations, or associations acting in any fiduciary capacity, shall make and render a return of the income of the person, trust, or estate for whom or which they act, and be subject to all the provisions of this title which apply to individuals.
Página 376 - The value of the gross estate of the decedent shall be determined by including the value at the time of his death...
Página 306 - A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property.
Página 443 - States who is not a mere transient or sojourner is a resident of the United States for purposes of the income tax. Whether he is a transient is determined by his intentions with regard to the length and nature of his stay.
Página 376 - To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Página 446 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period...
Página 436 - Income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust...
Página 204 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death...