can any one explain pm As 22 question numb 89 ( omega limited)
jan 2017 edition
in 2015-16 the 200000 of timing diff is reversal of DTL ??
IM I RIGHT
Actually it is Timing Difference (Balance) which is 4L - 2L not timing difference during the year & it is DTL ( balance )
As per accounting we will create DTA during the year which will be netoff with DTL opening Balance
CAclubindia
