Tax Evasion Involves the Use of Illegal Methods to Reduce

question 15

True/False

Tax evasion involves the use of illegal methods to reduce or avoid income tax.

---

Definitions:

Special Journals

Journals designed to be used for recording a single type of transaction.

General Journal

A bookkeeping ledger that records each transaction of a company in chronological order.

Revenue Journal

The journal in which all sales and services on account are recorded.

Processing Methods

Various techniques or strategies used in the handling, preparation, and conversion of raw materials into finished goods or services.