Home > Industry/Domain > Accounting > Tax

Tax

Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.

Industry: Accounting

Add a new term

Contributors in Tax

Become a Contributors

Tax

Industrial property form

Accounting; Tax

An all-risk or specific peril type of insurance for manufacturers or businesses engaged in processing

Accrued revenue

Accounting; Tax

Income that has been earned (by the sale of goods or performance of services) but where payment has not been received in cash Similar to accounts receivable

A hedged position occurs if you own a second asset that should move in the opposite way the first asset would react to changes in the market For example, you own a stock and a put and/or a call on ...

Accounts receivable

Accounting; Tax

For accrual basis businesses, transactions not paid in cash create an account receivable, an unsecured promise to pay in the future The accounting entry is a debit to accounts receivable and a ...

Accrue

Accounting; Tax

To record an item in the accounting books when using the accrual method of accounting For example, you accrue income when the customer signs a contract, even though you won't receive any cash at ...