Keywords:economic activityaccounting, fiscal accounting, individual entrepreneur, revenue accounting, simple form of accounting, simplified system of taxation
Citation: Marina Bogdanova (2010). Problems of Organizing Accounting for an Individual Entrepreneur. Russian Journal of Entrepreneurship, 11(3), 148-153. — url: http://bgscience.ru/com/lib/2182
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Abstract:
Individual entrepreneurs face with a problem of accounting and showing their revenues and expenditures in the documents. Legally, individual entrepreneurs are exempted from the duty to keep accounts, but in some cases there is a need for doing this because tax accounting may not always reflect the full and complete information about the financial situation of the entrepreneur. Therefore, individual entrepreneurs are encouraged to keep
accounts in a simplified form, if necessary, along with tax accounting.