16 August 2010
i am preparing a Balance sheet in which op.bal.of deffered tax liability is standing of rs 10 lakhs.in current year there is also deffered tax liability.can we show merged figure (that is sum of 2 yrs)in balance sheet.or opening balance of deff.tax.liability should be added back in Reserve& surplus and only current years Deffered tax liability to be shown in Balance sheet. pls reply soon.
CAclubindia
