Question
Using the information provided, calculate the understatement of income using the Bank Deposit Method. - Deposits made to the Bank $150,000 - Business expenses paid
Using the information provided, calculate the understatement of income using the Bank Deposit Method.
- Deposits made to the Bank $150,000
- Business expenses paid by cash on hand (cash not deposited) $30,000
- Income reported in tax return $120,000
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
