what is the entry for creating DEFFERRED TAX ASSET OR
LIABILITY......? one aspect we r db/cr deffered tax.what is
d another aspect??????????????????????
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Answer Posted / dipti panigrahi
Entry for creating Deferred Tax Asset is:
Deferred Tax Asset a/c Dr
Profit & Loss a/c Cr
Entry for creating Deferred Tax liability is:
Profit & Loss a/c Dr
Deferred Tax liability a/c Cr
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