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Deffered Tax Entry

Bittu (Accountant) (44 Points)

25 May 2019

Please tell what entry made for deffered tax

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Suman Rawat (10 Points)
Replied 25 May 2019

The entry for the same will be:

if there is a deffered tax assets:
Deffered tax a/c debit and profit and loss account credit... or
if there is a deffered tax liability the entry will be reversed i.e
profit and loss account debit and
deffered tax liability

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