Auditors would likely prepare a
proof of cash in an event where the client has substantial control weaknesses
in cash receipts and cash disbursements, since a proof of cash would incorporate
separate columns for cash receipts and cash disbursements. The proof of cash
template is otherwise called the four-column bank reconciliation.
Answer:
a. may be carried back 2 years or carried forward up to 20 years.
Explanation:
As a tax relief to a firmn which current year ended in a loss the government allow to deduct this from the future profit up to 20 years or to reduce the tax obligation for the previous two years
This makes the tax system more just as it is not considering only the good years of the organizations. It also has a particular importance in business which the first years are losses (vineyard or walnuts until the wine is done or the trees generate enough production to pay up the cost) as they can later reduce their gain to compensate for the first years.
I THINK IT IS c . i HOPE IT HELPS
A bull market is a long period of rising stock prices. Bull market is a part of financial market that is being invested for a long period of time and is expected to gain a higher rise in the price.
