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Financial statement

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2017 Why do we show deferred tax asset/ liabilities in financial statements?
Does one actually pays deferred tax or its just a journal entry?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 December 2017 1. To comply 'matching principle'.

2. No need to pay.

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