Accounting101 - Study guides, Class notes & Summaries

TEST BANK INCOME TAXATION CPAR.DOC VERSION 1(QUESTIONS & ANSWERS) 2023- 2024 LATEST EXAM TAXATION 1 – Income Taxation General Principles of Taxation 1. Taxation as distinguished from police power and power of eminent domain. A. Property is taken to promote the general welfare. B. Maybe exercised only by the government. C. Operates upon the whole citizenry. D. There is generally no limit as to the amount that may be imposed. 2. The following are constitutional limitations, except A....

This overview provides the fundamental principles of accounting that is made easy for fast understanding. This notes helped me a lot since accounting books are wordy and so I made this for fast memorization then you'll surely understand it the moment you read this.

Chapter one notes for accounting