35 Miss. Code. R. 3-01-03-102

Current through December 10, 2024
Section 35-3-01-03-102

Bad debts do not constitute a loss as such under the cash receipts and disbursements method. The expenses, liabilities or credits of one year cannot be used to reduce the income of a subsequent year.

35 Miss. Code. R. 3-01-03-102

Amended 1/7/2019