Indian Accounting system and foreign accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2010
Is there any different between indian accounting and foreign accounting?
04 January 2010
yes, e.g. our deferred tax is based on income whereas IFRS deferred tax is based on liability. there are many such areas where Indian accounting system differs from foreign accounting system. Regards, CA Shakuntala Chhangani
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