ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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TAX ACCOUNTING Definition

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TAX ACCOUNTING is the planning of business strategies based on tax consequences and avoidance.

 

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CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.

APPROPRIATION ACCOUNT is a separate account for which specific dollar amounts are authorized and appropriated.


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