Defered tax

This query is : Resolved 

02 December 2011 Dear sirs
Can Any one describe The term ''Deferred Asset''

03 December 2011 Dear Friend, Deferred Assets are those assets on the Balance Sheet of the company which are going to reduce current tax liabilities of the company. These assets includes Losses carried forwards, pre-operation expenses and other which are deferred from previous years because of non availability of profit.


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