Content Provide appropriate detail What can trigger an IRS audit? Airlines are Padding Their Scheduled Flight Times by More than 10% Claiming 100% business use of a vehicle What is a tax audit? How far back can a tax audit go? One of the most important is knowing what acts as audit red flags and…

Sales are reported in the accounting period in which title to the merchandise was transferred from the seller to the buyer. A record in the general ledger that is used to collect and store similar information. For example, a company will have a Cash account in which every transaction involving cash is recorded. A company…