q define the constructive receiptconstructive
Q. Define the Constructive Receipt?
Constructive Receipt - A taxpayer is considered to have received income even though monies are not in hand, it may have been set aside or otherwise made available. An illustration is interest on a bank account.
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consistency - accounting postulate that stipulates except as otherwise noted in financial statement same accounting procedures and policies have been
q define the constructive receiptconstructive receipt - a taxpayer is considered to have received income even though monies are not in hand it may
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q what is cost recovery methodcost recovery method - method of revenue recognition that identifies profits after costs are entirely recovered
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