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How to make journal entry of Deffered Tax Assets and Deffered Tax Liabities

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(Querist)
25 December 2021 How to make Journal entry of DTA and DTL and how to show in Profit and Loss Account and Balance sheet. Please reply this quires.
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Manish

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Manish (Expert)
03 January 2022 DTA:

Deferred tax asset Dr.
To P/L A/c

And reverse entry for liability.

In P/L, these are shown as part of 'tax expense'. In BS, there is a separate head on the assets and the liabilities side respectively.

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