31 October 2011
I found this question in an MBA assignment sheet: "Do you put a business income refund in deferred income tax or accrued income tax? Explain Why." Can someone plz help me out with this?
31 October 2011
Income tax refund is a accured income tax and not an deferred income tax...as deferred tax is a temporary differnce capable of being reversal in future...
CAclubindia
