Tax Payable
Tax payable is a liability that represents the amount of taxes a business owes to the government but has not yet paid. It includes income tax, sales tax, and payroll-related taxes. This account is crucial for accurate financial reporting and timely tax compliance.
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Transfer Pricing
Transfer pricing is the method used to determine prices for goods, services, or intellectual property exchanged between related entities within…
Trade Receivables
Trade receivables are the amounts customers owe to a company for goods or services sold on credit. They are recorded…
Trade Payables
Trade payables represent amounts owed by a business to its suppliers for goods or services received on credit. They appear…
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