third category entities must allocate revenues and expenses under the accrual basis, ie when the events occurred in substance, without taking into account as relevant factor (or even set) in the proof involved. The accrual is an accounting method that involves recognizing and relating the income and costs in the respective period, as for example if a business receives a payment at the end of 2009 but the costs can be measured in newborn By 2010, the complaint will be in 2010, not 2009.
So the sale of goods, services, generating interest, royalties and dividends is the application of IAS 18 INCOME, whereby the company revenue should be recognized for accounting purposes when submitting the following assumptions:
- The amount of revenue can be measured reliably
- It is probable that the economic benefits generated by the transaction
- The costs incurred or to be incurred related to the transaction can be measured reliably.
The Tax Court has referred in several instances the application of this principle, by which each company corresponds to properly measure their operations.
So the sale of goods, services, generating interest, royalties and dividends is the application of IAS 18 INCOME, whereby the company revenue should be recognized for accounting purposes when submitting the following assumptions:
- The amount of revenue can be measured reliably
- It is probable that the economic benefits generated by the transaction
- The costs incurred or to be incurred related to the transaction can be measured reliably.
The Tax Court has referred in several instances the application of this principle, by which each company corresponds to properly measure their operations.
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absurdity No think about omitting this criterion for purposes of income tax and would lose the opportunity cost and the information would not be reliable. INKA
TAX "Unable to stop"
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