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    Government Contracting Database

    Federal Government Accounting

    Federal Government Accounting

    Contractors should recognize that those costs which may be generally allowable as deductions in the business world, or according to IRS rules, may not be allowable under the Federal Acquisition Regulations. It is very important to be familiar with FAR 31 and to have the advice of an accountant who is familiar with federal government accounting rules.

    Updated: July 24, 2018

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