D.i.f.f.e.r.e.n.t.i.a.t.i.o.n. ./. .r.e.c.o.n.c.i.l.i.a.t.i.o.n .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s. .(.e.g...,. .P.F.R.S. .o.r. .o.t.h.e.r. .f.r.a.m.e.w.o.r.k.s.). I.d.e.n.t.i.f.y. .a.n.d. .u.n.d.e.r.s.t.a.n.d. .t.h.e. .d.i.f.f.e.r.e.n.c.e.s. .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s. R.e.c.o.n.c.i.l.e. .a.c.c.o.u.n.t.i.n.g. .i.n.c..o.m.e. .t.o. .t.a.x.a.b.l.e. .i.n.c.o.m.e.
D.i.f.f.e.r.e.n.t.i.a.t.i.o.n. ./. .r.e.c.o.n.c.i.l.i.a.t.i.o.n .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s. .(.e.g...,. .P.F.R.S. .o.r. .o.t.h.e.r. .f.r.a.m.e.w.o.r.k.s.). I.d.e.n.t.i.f.y. .a.n.d. .u.n.d.e.r.s.t.a.n.d. .t.h.e. .d.i.f.f.e.r.e.n.c.e.s. .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s. R.e.c.o.n.c.i.l.e. .a.c.c.o.u.n.t.i.n.g. .i.n.c..o.m.e. .t.o. .t.a.x.a.b.l.e. .i.n.c.o.m.e.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
M.a.k.e. .a .d.e.t.a.i.l.e.d. .e.x.p.l.a.n.a.t.i.o.n. .a.b.o.u.t. .t.h.e. .f.o.l.l.o.w.i.n.g.:.
- D.i.f.f.e.r.e.n.t.i.a.t.i.o.n. ./. .r.e.c.o.n.c.i.l.i.a.t.i.o.n .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s. .(.e.g...,. .P.F.R.S. .o.r. .o.t.h.e.r. .f.r.a.m.e.w.o.r.k.s.).
- I.d.e.n.t.i.f.y. .a.n.d. .u.n.d.e.r.s.t.a.n.d. .t.h.e. .d.i.f.f.e.r.e.n.c.e.s. .b.e.t.w.e.e.n. .t.a.x. .r.u.l.e.s. .a.n.d. .a.c.c.o.u.n.t.i.n.g. .r.u.l.e.s.
- R.e.c.o.n.c.i.l.e. .a.c.c.o.u.n.t.i.n.g. .i.n.c..o.m.e. .t.o. .t.a.x.a.b.l.e. .i.n.c.o.m.e.
N.o.t.e.:. .I.n.c.o.m.e. .
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