Accounting Entries for Deffered tax assets & Liabilities

This query is : Resolved 

18 September 2008 Could anyone help me out & let me know how to pass the entries in the books of accounts for deffered tas assets & liabilities.

18 September 2008 Dear Abhishek ji, In general the following entries are passed:

Deferred Tax Asset Dr
To Profit and Loss Appropriation A/c


Profit and Loss Appropriation A/c
To Deferred Tax Liability

Is there any specific query, pl let me know.



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