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AICPA Problems Accounting Guidance for PPP Loan Forgiveness

AICPA Problems Accounting Guidance for PPP Loan Forgiveness On June tenth, the AICPA issued Technical matter and Answer (TQA) 3200.18 , Borrower Accounting for A forgivable loan received beneath the small company Administration Paycheck Protection Program . This guidance is posted to handle accounting issues particular to Paycheck Protection Program (PPP) loan forgiveness for nongovernmental for-profit and entities which are nonprofit to give you each with alternate accounting practices.