Business income refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2011
I found this question in an MBA assignment sheet: "Do you put a business income refund in deferred income tax or accrued income tax? Explain Why."
Can someone plz help me out with this?
Can someone plz help me out with this?
Gursimar Singh
(Expert)
31 October 2011
Income tax refund is a accured income tax and not an deferred income tax...as deferred tax is a temporary differnce capable of being reversal in future...
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