10 Terms
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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
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Tax
administrative dissolution
Accounting; Tax
The dissolution of a corporation by the Secretary of State or similar state authority as a result of the corporation's failure to file corporate tax returns, file an annual report, maintain a ...
multiple line insurance
Accounting; Tax
An insurance policy that combines both liability and property damage coverage and insures against a range of perils
average cost method
Accounting; Tax
Inventory costing method based on the average cost of inventory during the period Average cost is determined by dividing the cost of goods in inventory by the number of units of the same type in ...
administrative expense
Accounting; Tax
Sometimes part of general expense, it's an expense that isn't directly associated with selling, manufacturing, distributing, etc but part of overall management such as accounting, general ...
bad debt expense
Accounting; Tax
Generally, the cost of uncollectible accounts receivable which occurs when customers to whom a business has extended credit fail to pay It can also refer to any debt owed you which is uncollectible
administrative services only
Accounting; Tax
Where one party provides only administrative or clerical services to an employee benefit plan (Typically the employer is the administrator ) Another party acts as the trustee
balance sheet
Accounting; Tax
Listing of the assets, liabilities and owner's equity at a specific point in time
