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S ummarise the following significant accounting practices in China, India, and Japan. Accounting practices China India Japan 1. Purchase combinations: Purchase or Pooling 2. Goodwill

  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

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