Debit balance of deferred tax liability

797 views 1 replies

Dear All,

 

Please help me out with the following situation :

 

Deferred tax liability ledger has been created under the head provisons in accounting system.Now debit balance of this ledger is appearing and i am closing the books of this financial year.I will calculate the deferred tax liability/asset accordingly.Now my question is WHAT TO DO WITH DEBIT BALANCE OF THIS LEDGER WHILE SUMMARISING THE BOOKS OF THIS YEAR.?

Replies (1)

There might some error done by you while calculating DTL for current, it might possible you fails to adjust opening DTA in your working or wrong entry passed by you, Check it again 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details