Answer: Expenses or losses that are tax deductible before they are recognized in financial income.
Explanation:
Future taxable amounts arise as a result of a difference between the way an asset or liability is recorded due to the company's financial accounting principles and the way it should be recorded due to taxation principles of the government.
When this happens you will find that some things are not taxed as they should be, but rather as the company records them to be. These differences are only temporary though and correct themselves as time goes on.
An example of such are expenses of losses. Some expenses for instance may be taxable immediately but are instead only taxed in the business over the term of the expense.
Answer:
The correct option is C
Explanation:
Accrued expenses is an accounting term that refers to an expense that is recognized on the books before it has been paid. So if accrued expenses are not recorded the business net income will be overstated.
1 ).which of the following is the term for day-to-day and long-term tasks you are assinged to complete?
Job responsibilities.
2 ). why is career planing important?
It can help you narrow down your options and get the training you need.
3 ). which statement was true in the past, but not generally true today?
Young people tend to go into the job that their parents and grandparents did.
4 ). which of the following statements is accurate?
People with the same job title may perform different duties.
5 ). which of these principles would be most helpful to a young person deciding on a career?
A realistic assessment of your abilities and interests will help you find an appropriate career.
my question is why do we need to do it i know you asked nicely but i just wanna know
