According to the current accounting standards and the law of enterprise income tax,this paper discusses accounting and tax treatment of non-monetary assets transactions.

Firstly,the dual property of the account receivable must be understood in order to distinguish the differences between monetary and non-monetary assets.

This article begins by understanding the concept of non-monetary assets that are mentioned in the non-monetary transactions part of China s 10th concrete accounting principles.

The article chiefly discusses several concrete problems concerning non monetary trade policy,such as definitions of monetary assets and boot,standard of surplus procedure accomplishment and confirmation of value of assets in book,for there are many divergences in the course of the practical operation,as well as imperfections in the policy making .

This article begins by understanding the concept of non-monetary assets that are mentioned in the non-monetary transactions part of China s 10th concrete accounting principles.

New Changes of Accounting Information Treatment to Non-monetary Assets Exchange;

Non-monetary assets exchange is a special and nonrecurring transaction with some non-monetary assets, such as inventory, fixed assets, intangible assets and long-term equity investments.