A File Is Often Referred to as A(n)____________________

question 73

Short Answer

A file is often referred to as a(n)____________________.

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Definitions:

Necessary Expense

An expense that is considered essential for the generation of income or for maintaining a living condition, often considered for tax deductions.

Taxpayer's Business

This term generally refers to any business activity or venture that is conducted with the aim of generating income or profit taxable to the individual or entity undertaking the activity.

Cash-Basis Taxpayer

An individual or entity that reports income and deductions in the year that cash is received or paid, respectively.

Account Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.