|
Post by account_disabled on Dec 23, 2023 12:11:26 GMT 1
According to This, Profits May Only Be Capitalized in a Has Actually Realized Them . Examples of Principles of Proper Accounting What Does It Look Like When You Apply the Gob in Practice? The Following Two Examples Show How the Use of the Principles Affects Your Accounting: Example of the Principle of Regularity When Preparing Financial Accounting, Please Observe the Principle of Regularity. This Means That You Record All Business Transactions for a Specific Accounting Period Promptly and in the Chronologically Correct Order . Principle of Balance Sheet Context C Level Contact List When Transferring the Values from the Closing Balance of the Previous Year (Annual Financial Statements), You Check Whether They Match the Opening Balance Values of the Current Calendar Year. In Doing So, You Take Into Account the Requirement of the Principle of Balance Sheet Context. How Does the Legislature Sanction Violations of the Gob? If Your Accounting Department Makes an Entry Without a Receipt or if You Do Not Ensure That the Opening Balance Sheet Values of the Current Year Match the Annual Financial Statements of the Previous Year, There Are Material Deficiencies and Therefore Violations of the Principles of Proper Accounting. In the Event of an Incorrect Booking or Incorrect or Inadequate Records, the Tax Office Can Impose the Following Sanctions : the Tax Office Asks You to Correct the Error. T
|
|