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Deffered Tax Entry
Please tell what entry made for deffered tax
Replies (1)
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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