Answer / ruba. g.

‘Deferred Tax’ requires full provision to be made for
deferred tax assets and liabilities arising from timing
differences between the recognition of gains and losses in
the financial statements and their recognition in a tax
computation.

The general principle underlying the requirements is that
deferred tax should be recognised as a liability or asset
if the transactions or events that give the entity an
obligation to pay more tax in future or a right to pay less
tax in future have occurred by the balance sheet date

why balance sheet should tally?

2 Answers  

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Short Answer on ___________Finance Bill

0 Answers  

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What is the safety of margin?

4 Answers   Lloyd,

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WHAT IS THE DIFFERENCE BITWEEN RESERVE & PROVISION?

3 Answers   Genpact,

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if the balance of the supplies account on January 1 was $500, supplies purchased during the year were $1750, and the supplies on hand at December 31 were $300, the amount for the appropriate adjusting entry at December 31 is?

1 Answers  

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what is cost accounting ?

1 Answers  

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40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000

3 Answers   Capmark,

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expand P D F

3 Answers  

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expand B R S

3 Answers  

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I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

0 Answers  

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What if forfeiture of shares?

2 Answers   Capital IQ,

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The Trial Balance of M/S Ram & Co,Shows chosing stock of Rs,30000. It will be recorded in: - .................. (a) Trading A/c; (b) Profit & Loss A/c; (c) Balance Sheet; (d) Both (a) & (b)

4 Answers  

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