Accounting Category: Liabilities
Income taxes are usually a significant expense of a company. For example, many corporations pay income taxes in 30-40% range. In this article, we will discuss a basic concept that applies to the payment of federal, state, or local income taxes. We will limit our discussion to taxes paid by corporations. We will not cover, in this article, temporary differences and the allocation of income taxes between financial statement periods. These topics will be discussed in later articles.
There are two types of working capital: permanent working capital and temporary working capital. In this article you will learn the difference between the two and how each of them can be financed (funded).
Learn how to calculate accrued payroll and payroll expense at period end. Examples of accounting for wages and salaries accrual are provided.
- Accruals |
- How to's |
- Liabilities |
- Payroll
Prepare balance sheet from trial balance in five easy steps. Format and elements of classified balance sheet.
- Assets |
- Balance sheet |
- Equity |
- How to's |
- Liabilities
- Accounting and computers
- Accounting assumptions
- Accounting careers
- Accounting principles
- Accounting research and facts
- Accounts payable
- Accounts receivable
- Accrual accounting
- Accruals
- Activity based costing
- Assets
- Auditing
- Balance sheet
- Bookkeeping
- Business analytics
- Cash
- Cash flow statement
- Compensation
- Cost accounting and analysis
- Cost of sales
- Credits
- Debits
- Deferrals
- Equity
- Equity statement
- Expenses
- Financial ratios
- Fixed assets
- Fob
- General ledger
- How to's
- Income statement
- Intangible assets
- Internal controls
- Inventory
- Journal entries
- Liabilities
- Manufacturing and Nonmanufacturing Costs
- Payroll
- Reconciliations
- Revenues
<< Previous 1 2 3