Monetary award or prize for event activity. Gift not allowed. Check payout. 613 Change Fund – Expense To have cash on-hand for specific event-must be redeposited at end of event 612 Check Advance – ...

The assessee contended before the Commissioner of Income Tax (Appeals) [CIT (A)] and subsequently the ITAT that sufficient ...

Depreciation expense is recognized on the income statement as a non-cash expense that reduces the company's net income. Accumulated depreciation appears in a contra account on the balance sheet ...