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Past and Present practice of Depreciation (Book and Tax) Accounting fails to the test of "Basic Princips of accounting", How?

Created by : CA SATY NARAYAN PRASAD, Freelancer, Freelancer  | 12 19 2009 10:56:54 +0000
Functional Area : Capital Management(Corporate Finance)
Keywords : accounts taxation accounting costing depreciation management accouting
Activity:  187 views;  last activity : 07 06 2010 20:18:09 +0000

Past and Present practice of Depreciation (Book and Tax) Accounting fails to the test of "Basic Principles of accounting".

e.g it fails the test of Matching Principle of Accounting.

  
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Past and Present practice of Depreciation (Book and Tax) Accounting fails to the test of "Basic Principles of accounting".

e.g it fails the test of Matching Principle of Accounting.
By CA SATY NARAYAN PRASAD, Freelancer, Freelancer  | 12 19 2009 10:56:54 +0000
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