Deffered Tax Entry
Bittu (Accountant) (44 Points)
25 May 2019
Please tell what entry made for deffered tax
1 Replies
Suman Rawat
(10 Points)
Replied 25 May 2019
The entry for the same will be:
if there is a deffered tax assets:
Deffered tax a/c debit and profit and loss account credit... or
if there is a deffered tax liability the entry will be reversed i.e
profit and loss account debit and
deffered tax liability
if there is a deffered tax assets:
Deffered tax a/c debit and profit and loss account credit... or
if there is a deffered tax liability the entry will be reversed i.e
profit and loss account debit and
deffered tax liability
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