Accounting For Taxes On Income

Notes On Accounting For Taxes On Income

Accounting as a ‘language of business’ communicates the financial results of an enterprise to various stakeholders by means of financial statements. If the financial accounting process is not properly regulated, there is possibility of financial statements being misleading, tendentious and providing a distorted picture of the business, rather than the true state of affairs. In order to ensure transparency, consistency, comparability, adequacy and reliability of financial reporting, it is essential to standardize the accounting principles and policies.

Here we shall provide you full concept about this accounting standard. Hope you get the full benefit from these notes. Now you can solve a past question based on this AS after going through these notes thoroughly.

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Notes On Accounting For Taxes On Income

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Accounting For Taxes On Income

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