CURRENT ASSETS -- The cash, accounts receivable, inventory, and other assets that are likely to be converted into cash, sold, exchanged, or expensed in the normal course of business, usually within a year. CREDITOR -- A person who extended credit and to whom money is owed; a lender

Daily hospital or ambulatory service category of the patient. Individual trained and certified to provide emergency medical care, usually in concert with an emergency physician. This technique disintegrates kidney stones by means of shock waves introduced from outside the body. Services performed by the Emergency department in which a patient is watched carefully and a report is made on what is seen or noticed.

The journal in which are recorded transactions not provided for in specialized journals. DOMICILE  -- A person's domicile in English common law is his permanent home, the place to which he always intends to return.

Supervision during the clinical phase must be done by the program instructor, by another ART, or an RRA in an affiliated health care institution. The balances of materials or products on hand in quantities, dollars, or both, appearing in perpetual inventory accounts. evasion. LUMP-SUM EXEMPT AMOUNTS  -- Fixed sum of income, net worth, etc., below which no tax is due.

OMBUDSMAN  -- A member of the US IRS Commissioner's immediate staff who directs the IRS's Problem Resolution Program

CONSUMPTION TAX -- Tax generally intended to fall on the ultimate consumption of goods and services. Common stock is usually last in priority when profits or assets are distributed. I was about to tell you the same thing... Sale of 2018-19 Mentioned in 2019-20 in GST Returns, Whom signature is required on internet download. INDEPENDENT AGENT  -- See: Agency AUXILIARY COMPANY  -- Company which is part of a group of companies and which supplies auxiliary services to group companies. Home treatment using the aid of physical agents such as light, cold, water, or mechanical apparatus. GROSS PROFITS  -- The gross profits from a business transaction are the amount computed by deducting from the gross receipts of the transaction the allocable purchases or production costs of sales, with due adjustment for increases or decreases in inventory or stock-in-trade, but without taking account of other expenses.

GRANDFATHER CLAUSE  -- Clause temporarily preserving legislation which exists at the time a law is modified or a (tax) treaty is concluded (or modified). FORMULATORY APPROACH  -- See: Unitary tax system The process of determining the occurrence or risk of occurrence of a genetic disorder within a family, and of providing appropriate information and advice about the courses of action that are available. Agreement of the total of the account balances in subsidiary ledger with its general ledger control. In the case of indirect taxation tax is normally intended to fall upon consumption and be borne by consumers, so that entrepreneur who pays the tax on his supplies of goods and services in general passes on the tax, or "shifts" it "forward" to the consumer by adjusting his prices appropriately. The general principles and procedures under which the accounts of an organization are maintained and reported; any one such principle or procedure.

Such physicians have either a special financial arrangement with the hospital (salary or percentage of fees collected) or bills patients separately for his/her services.

UPSTREAM DIVIDEND  -- Dividends flowing from a subsidiary company to its parent company. COMMERCIAL INTANGIBLE -- An intangible that is used in commercial activities such as the production of a good or the provision of a service, as well as an intangible right that is itself a business asset transferred to customers or used in the operation of business.

BUSINESS ASSETS  -- Assets used for purposes of carrying on a business This procedure, described and authorized by Article 25 of the OECD Model Tax Convention, can be used to eliminate double taxation that could arise from a transfer pricing adjustment. The actual commercial activities are carried out in another country.

2. ACCOUNTING PERIOD  -- A period of time used by taxpayer for the determination of tax liability

For example, if you purchase a vehicle for $20,000 and can re-sell the vehicle for $8,000, the market value of the asset is $8,000. Any single symbol expressing quantity: in the decimal system, any one of the symbols 0, 1, 2, 3, 4, 5, 6, 7, 8, or 9. TAX EXILE  -- Generally speaking, a natural or legal person who severs all ties which make him fiscally resident in a particular country and moves to another jurisdiction for tax reasons. For example, a procedure in a radiology cost center may be a series of pictures which constitute an exam. they are taxed on the basis of their place of production or origin. If you're married or have a significant other and the account is titled in one name only, list the entire value in the appropriate owner's column.

A certificate of indebtedness, in writing and often under seal. Rs.

In general, however, you should be able to estimate the total value of the business by adding up its current assets and subtracting out its liabilities.

TAX UNIT  -- Term used in the context of personal income tax, where taxation may be imposed by reference to separate individuals or to a group of individuals treated as one unit. An expenditure having the effect of extending the useful life on an existing fixed asset, increasing its normal rate of output, lowering its operating cost, increasing rather than merely maintaining efficiency or otherwise adding to the worth of benefits it can yield.

Create an inventory list of all your business and personal assets.

Ledger control is limited to a proof that all items were recorded in the subsidiary record or that they were accurately made, as required, to the debit and credit sides of that record.

INSTRUMENT  -- A legal document that records an act or agreement and provides the evidence of that act or agreement. Both treaty countries appoint a representative (frequently the Ministry of Finance or its authorized representative) as the CA to assist aggrieved taxpayers by acting as the official liaison with the foreign CA. LOOKING THROUGH  -- Term typically used when disregarding the separate legal identity, for example, a company, in order to charge tax on a shareholder in respect of his share of the company profits. OPTION  -- Derivative financial instrument consisting of a firm agreement granting one party the right but not the obligation to buy or sell commodities, securities or currencies at a specified future date at a specified price.

If you and/or your spouse/partner own individual stock in a publicly traded company, estimate the value of the shares by looking up the current value per share on a website such as Yahoo! ACCRUAL BASIS (ACCRUAL METHOD)  -- An accounting method whereby income and expense items are included in taxable income or expense as they are earned or incurred, rather than when they are received or paid Over the term of the agreement, the parties exchange fixed or floating rate interest payments in their swapped currencies. dividends, interest, rental income, royalties, etc. The rate of interest is usually fixed. In the context of a bond or other debt instrument, it is the amount paid in excess of the face amount. LEGAL ENTITY  -- Generally, corporations, joint-stock companies and limited liability companies are regarded for tax purposes as having an existence separate from that of their shareholders.

Usually, this is the date title is acquired and the asset is in possession.

If income received from abroad is subject to tax in the recipient's country, any foreign tax on that income may be credited against the domestic tax on that income. BEARER SECURITIES  -- Stocks, bonds, etc. JUNK BOND  -- Bonds and debentures issued by companies that have a low credit evaluation (i.e. Criminal penalties, on the other hand, are enforceable only by prosecution. TRANSFER PRICING ADJUSTMENT  -- Adjustment made by the tax authorities after making a determination that a transfer price in a controlled transaction between associated enterprises is incorrect or where an allocation of profits fails to conform to the arm's length principle. Any location within an organization at which the coincidence of organization and function has been recognized; an activity.

The primary types of derivatives include forward contracts, futures, options and swaps. However, a facility may designate and consistently use any other specified hour for census counting.

Services relating to the premature termination of pregnancy.

COMPENSATING ADJUSTMENT -- An adjustment in which the taxpayer reports a transfer price for tax purposes that is, in the taxpayer's opinion, an arm's length price for a controlled transaction, even though this price differs from the amount actually charged between the associated enterprises.