Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

when Deferred Tax Asset & Deferred tax liability arises?

Answer Posted / minnu

Deffered tax liability means currently you are paying less
amount of tax as per IT but in future you have to pay more
so for this timing difference we have to create a deffered
tax liability in our books of accounts accoding to the
virtual certainty that in future company will earn
sufficient proft to recover it.
for deffererd tax liability the entry will be
Profit & loss a\c dr
To Deffered tax liability

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-

2048


Would you consider alternative vacancies if so which:

4556


Explain the difference between internal audit and statutory audit?

1354


What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?

2847


How does the internal audit differ from an external audit?

1283


What are documents need to vouch while doing sales vauching?

1552


Explain the basic principles of an internal audit controlsystem?

1159


1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.

3258


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

2376


What is final audit?

1202


What should the internal auditor?

1091


What is an internal audit and what is the role of internal audit?

1171


Do you know what are the reasons for getting audited?

1155


Explain the before an audit processes?

1357


what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .

2324