BOOK-TAX DIFFERENCE Definition

Bookmark and Share

BOOK-TAX DIFFERENCE is pretax book income minus tax net income.

Learn new Accounting Terms

INTERNAL CONTROL SYSTEM is a formalized system intended to provide reasonable assurance that the objectives of a program as a whole are met, e.g. financial control, quality control or process control.

DIRECT EXPENSE is that portion of expense that is directly expended in providing a product or service for sale and is included in the calculation of COST OF GOODS SOLD, e.g. labor and inventory.

Suggest a Term

Enter Search Term

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