Stockholder's books
Set of books kept by firm management for its annual report that follows Financial accounting Standards Board rules. The tax books follow IRS tax rules. |
Similar financial terms
Tax booksSet of books kept by a firm's management for the IRS that follows IRS rules. The stockholder's books follow Financial Accounting Standards Board rules.
Off-the-books
Cash or barter. Business done without records as a means to avoid taxation.
