Question { 5901 }

What is the reason for balance sheet not getting talleyed?

Answer

Balance sheet may not be tallied , if there are any errors like
errors of principle
error of commission
other errors

Question { 5624 }

How can Calculate Deferred Tax of Any Firm Like Pvt. Ltd.

Answer

Defered tax Asset/iability will be arise only when there is any differences between as per companies act and as per income tax act .

Mostly we use deffered tax in our daily life for most of the pvt companies it arises only in depreciation cases , where as per IT and CO. rates are different , so deffered tax Asset/ liability arises .