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The taxes imposed by the Code include a graduated income tax on all income earned by natural and juridical persons within the Philippines, a capital gains tax, excise tax on certain products, a Donor's Tax, an estate tax, and a value-added tax on the sale of most goods and services in the Philippines.
An elbow is installed between two lengths of pipe (or tubing) to allow a change of direction, usually a 90° or 45° angle; 22.5° elbows are also available. The ends may be machined for butt welding, threaded (usually female), or socketed. When the ends differ in size, it is known as a reducing (or reducer) elbow.
The code directs that LIFO may be used "only if the taxpayer establishes" that they have no other way of valuing their inventory. [ 1 ] In the FIFO example above, the company (Foo Co.), using LIFO accounting, would expense the cost associated with the first 75 units at $59, 125 more units at $55, and the remaining 10 units at $50.
The SEC was abolished during the Japanese occupation of the Philippines and was replaced with the Philippine Executive Commission. It was reactivated later in 1947 with the restoration of the Commonwealth Government. Due to the changes in the business environment, then President Ferdinand E. Marcos reorganized the SEC on September 29, 1975.
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
Amending the Administrative Code of 1987 or EO 292: Authorizing Punong Barangay to Administer the Oath of Office of Any Government Official 2016-04-08: 10756: Election Service Reform Act 2016-04-08: 10757: Amending the Labor Code of the Philippines or PD 442: Reducing the Retirement Age of Surface Mine Workers 2016-04-15: 10758
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1269 ahead. Let's start with a few hints.
Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the Industrial Revolution when the complexities of running large scale businesses led to the development of systems for recording and tracking costs to help business owners and managers make decisions. Various ...