nicht-bilanzierende Unternehmen
English translation: enterprises not required by law to draw up balance sheets
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 15:17 Apr 4, 2003 |
| German to English translations [PRO] Bus/Financial - Accounting | |||||
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|  Selected response from: Rod Darby (X) Ghana Local time: 06:23 | ||||
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| Summary of answers provided | ||||
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| 5 +4 | enterprises not required by law to draw up balance sheets |
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| 5 | enterprises using cash accounting |
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| 4 | non-profit enterprise(s) |
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| 1 | non-profit making business |
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Answers
7 mins confidence: 
non-profit making business Explanation: just a guess! |
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54 mins confidence: peer agreement (net): +4
peer agreement (net): +4enterprises not required by law to draw up balance sheets Explanation: generally, business in Germany are required by law (HGB and EStG) to determine their profits by comparing the net equity (Betriebsvermögen) at the end of the financial year with the net equity at the end of the previous financial year. The only way to do this is to draw up a balance sheet. However, Section 4 (3) EStG (Income Tax Act) permits certain businesses to draw up a simple statement of receipts and disbursements, the difference being the profit (or loss, as the case may be). The businesses concerned are small farming and forestry businesses, professionals (doctors, lawyers et al.) and what used to be called "Minderkaufleute" (plural of Minderkaufmann = businessman lite?) in §4 HGB, which has been repealed. The current law is in § 1 (2) HGB: "Handelsgewerbe ist jeder Gewerbebetrieb, es sei denn, dass das Unternehmen nach Art oder Umfang einen in kaufmaennischer Weise eingerichteten Geschaeftsbetrieb nicht erfordert". The "Art und Umfang" bit used to be in §4, which said the Minderkaufmann didn't need to do balance sheets. They are working their way round to § 238 HGB, which is going to say "Jeder Kaufmann ist verpflichtet, Buecher zu fuehren . . . " which leads to the bit about balance sheets. So your "nicht-bilanzierende Unternehmen" are not what used to be called "Vollkaufleute" but "Minderkaufleute". I hope I haven't confused you: it was tacky enough *before* they started changing the HGB! HTH, Rod -------------------------------------------------- Note added at 2003-04-04 16:13:43 (GMT) -------------------------------------------------- sorry, typo: businesses in Germany . . . see answer |
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