Accounting and tax aspects of expenses in double accounting in Slovakia

Abstract

Accounting aspects of costs are defined in the Act on Accounting and Accounting Procedures, tax aspects resp. tax deductibility of costs are defined in the Income Tax Act. The aim of the article is to point out the accounting and tax aspects of costs for public administration entities as well as for business entities in the Slovak Republic. In fulfilling the set goals, the scientific method of comparison is used, which will help to identify the differences and similarities of tax and accounting aspects of cost accounting in the double-entry bookkeeping system. The comparison method will help to identify the tax and accounting aspects of cost accounting in the double-entry bookkeeping system in the Slovak Republic.