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Debit balance of deferred tax liability

Others 794 views 1 replies

Dear All,

 

Please help me out with the following situation :

 

Deferred tax liability ledger has been created under the head provisons in accounting system.Now debit balance of this ledger is appearing and i am closing the books of this financial year.I will calculate the deferred tax liability/asset accordingly.Now my question is WHAT TO DO WITH DEBIT BALANCE OF THIS LEDGER WHILE SUMMARISING THE BOOKS OF THIS YEAR.?

Replies (1)

There might some error done by you while calculating DTL for current, it might possible you fails to adjust opening DTA in your working or wrong entry passed by you, Check it again 


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