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-   -   GAAP vs income tax accounting (https://www.askmehelpdesk.com/showthread.php?t=116663)

  • Aug 5, 2007, 05:44 AM
    rowe
    GAAP vs income tax accounting
    Hello All,

    I would like to ask about the similarities and differences between GAAP accounting and income tax accounting. I hope that someone can help me. Thanks:)
  • Mar 8, 2012, 04:51 PM
    CliffARobinson
    Quote:

    When using the tax basis of accounting, as an example, depreciation will follow tax rules instead of GAAP. Same with inventory.
    Reference & more information

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