ABNORMAL GAIN Definition

Bookmark and Share

ABNORMAL GAIN see NORMAL LOSS.

Learn new Accounting Terms

ACCOUNTING TIMING DIFFERENCE is the effect that a defered accounting event would have on the financials if taken into consideration e.g., the release of a deferred tax asset to the income statement as a deferred tax expense (ie the reversal of an accounting timing difference).

INCOME TAX is a tax paid on money made or profit realized from employment, business, or capital.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.