Deffered tax asset/liability
This query is : Resolved
10 November 2012
Sir/Madam,
Opening deffered tax liability is Rs.4859, Current year Deffered tax asset is Rs 2350. How it will be reflect in the financial statement. Please reply me fastly....
Opening deffered tax liability is Rs.4859, Current year Deffered tax asset is Rs 2350. How it will be reflect in the financial statement. Please reply me fastly....
10 November 2012
Credit the Profit & Loss A/c and Debit the Deferred Tax liability A/c to get quickly the net position of liability of 2509.
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