Deffered tax assets and liabilities

This query is : Resolved 

28 July 2011 WHAT IS THE OVERALL IMPACT ON THE FINANCIAL STATEMENT OF DEFFERED TAX LIABILITY AND ASSETS SHOWN IN THE ACCOUNTS OF A COMPANY?

28 July 2011 Deferred tax asset and liability is an tax adjustment entry for calculating the correct profit. it will be effect your profit and cr/dr will be impact as Deferred tax liability or asset in your balance sheet


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