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.?
CAclubindia
