1. In light of the authority vested by the Tax Code to the Commissioner of Internal Revenue (CIR), the CIR recommended to the Secretary of the Department of Finance the creation of revenue district offices (RDOs) throughout the Philippines. The act of the CIR is in keeping with the principle of: a. Administrative Feasibility b. Fiscal Adequacy c. Theoretical Justice d. Uniformity

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A: Taxes are major source of revenue for the government. There can be several type of taxes like income…

Q: The GASB identifies one of the broadest objectives of government financial reporting as: A.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A) Which do you think is the most important among the three inherent powers of the state? Why?

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

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A: 1) Appropriation : it means setting up of money for specific purpose. For example Amount…

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A: Imputation system of taxation involves the process of taxing the profit distributed by a company at…

Q: Rank the following sources of authority in order of authoritative value (with 1 being the…

A: Authority Authoritative value Internal Revenue Code 1 Final Treasury regulation 2 Revenue…

Q: Control account is a summary account whose balance is equal to the total of the individual balances…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Which of the following parties is responsible for administering the real estate budget? A. The…

A: A real estate budget is a financial plan that outlines the anticipated income and expenses…

Q: Describe the Bureau of Internal Revenue.

A: Bureau of Internal Revenue is an institution which acts as an agent to the Finance department and…

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A: The main functions of Ministry of Finance (MoF) will include formulating policies, propose bills,…

Q: 12. Which of the following is required by the Governmental Accounting Standards Board (GASB)? O a)…

A: Government Accounting Standard Board (GASB) Here Government Accounting Standard Board making…

Q: What legislation governs government accounting in Trinidad? Discuss.

A: All the accounting is to be done according to the legislation of the respective land. so that the…

Q: Discuss TWO (2) techniques in performance measurement of public sector that are related to Articles…

A: As per the Federal Constitution(MALAYSIA); Article 99 is a statement of the estimated receipts and…

Q: Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes.

A: The converging of accounting standards stands for the objective of setting up accounting standards…

Q: ● ● ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM Fiscal Adequacy - sources of revenue should be…

A: There are two types of taxes levied by any government which is the main source of revenue for the…

Q: Choose the best answer from the four choices Assuming that a government will collect its sales taxes…

A: Income taxes are derived from the transactions that produce the income. Therefore, governments…

Q: Discuss briefly why fiscal responsibility shall to the greatest extent be shared by all those…

A: The answer is stated below:

Q: Property tax revenue recorded in the governmental funds may differ from the amount recorded at the…

A: This question is related to the recording of property tax revenue in governmental funds and whether…

Q: n Malaysia, the government body entrusted to govern various forms of indirect taxation is the Royal…

A: Indirect taxation refers to a tax collected by an intermediary (such as a retail store) from the…

Q: ce of BIR rulings ce of revenue memorandum circula ce of revenue regulations

A: The answer has been mentioned below.

Q: 9. the BIR is under the supervision of the: A. Department of Budget B. Bureau of Customs 10. Which…

A: 9.Answer: C. Department of Finance. The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas…

Q: IRS agent

A: An IRS agent act on behalf of customers for preparing returns of representations before IRS.

Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…

A: Tax refers to the amount paid by the citizens of the country to the government. tax is paid every…

Q: The federal tax laws, written by W, are found in the X. The rules related to these tax laws are…

A: Tax: It is compulsory to charge imposed on the taxpayer by the government. Tax is the main source of…

Q: Powers of the Commissioner on Internal Revenue 1. To interpret tax laws and decide tax cases; 2. To…

A: Answer:-  Tax meaning:- A tax is basically a mandatory financial charge or other sort of levy that…

Q: 1.  Who is the immediate superior officer of the Commissioner of Internal Revenue? Group of answer…

A: Answer: Q 1. Concept: In Philippines, the internal revenue has different hierarchy as the part of…

Q: planning of tax-related matters. It goes beyond the basic recording of financial transactions,…

A: Income Tax:Income tax is a primary focus of tax accounting. Individuals and businesses are required…

Q: he burden of proof, as a general rule The Minister of Finance The tax commissioner The taxpayer's…

A: The burden of proof: It states that an individual or any related party to that individual has the…

Q: 1. Which is the most accurate definition of income in the Philippines? Group of answer choices Is…

A: As per our protocol we provide solutions to only one question but as you have posted multiple…

Q: Fill out the table below. Which among the types of taxes (national or local, Philippines) do you…

A: Taxation in Philippines There are different types taxation which are prevailed in the country like…

Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…

A: Tax is a compulsory payment made to the government of the country. The residents of the country are…

Q: State and local governments and not-for-profit organizations that receive grants or contracts from…

A: State and local governments and not-for-profit organizations that receive grants or contracts from…

Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…

A: A sound tax system is the backbone of any nation as it generates…

Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…

A: Every govenment wish to act as a welfare state.  Wealth is…

Q: 8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b.…

A: Since you have asked multiple questions, we will solve the first question for you. If you  want any…

Q: A member of the city commission insists that the city’s internal fund prepare and submit a budget…

A: A financial document that is used to project future income and expenses, a budget is also known as a…

Q: In the statement of activities,a. all expenses are subtracted from all revenues to get net income.b.…

A:

Q: A) Which do you think is the most important among the three inherent powers of the state? Why?

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: ● ● ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM Fiscal Adequacy - sources of revenue should be…

A: Sources of Revenue to Government - There are two major source of revenue in the hands of government…

Q: Professional tax collected

A: Option A is wrong because income tax is a tax on the income of the taxpayer and is imposed by the…

Q: at are the purposes of the imposition of excise taxes (e.g. sin

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…

A: Tax is the compulsory payment made to the government of the country. Tax is paid as a proportion of…