1. Summarise the following significant accounting practices in China, India, and Japan.

Accounting practices	China	India	Japan
1. Purchase combinations: Purchase or Pooling
2. Goodwill
3. Associates
4. Asset valuation
5. Depreciation charges
6. LIFO inventory valuation
7. Probable losses
8. Finance leases
9. Deferred taxes
10. Reserves for income smoothing

Answer rating: 100% (QA)

In China accounting practices generally involve the purchase of assets or the pooling of resources G... View the full answer