The book of revenue and costs : evolution of the simplified form of record

Objective: The aim of the study is to present a modified form of business activity record in the small and medium size enterprise. The tax book does not provide useful information about the revenue and costs and the result of business operations. It is focused on the fiscal aspect. Therefore, the evolution of this simplified form of record is required.

Research methodology: The paper uses the method of logical and comparative analysis of legal acts and literature in the field of tax and financial accounting.

Result: Analysis of the issue allowed for the criticism of the current form of record and the presentation of a modified book of revenues and costs.