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Deferred tax refers to the future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases.
Deferred tax is a balance sheet item that represents the future tax liability or asset that arises due to temporary differences.
Temporary differences can occur when there is a difference between the carrying amount of an asset or liabilit...
Deferred tax refers to the future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases.
Deferred tax is a balance sheet item that represents the tax effects of temporary differences.
It arises due to differences in the recognition of income and expenses for tax and accounting purposes.
Temporary differences can result from tim...
posted on 18 Nov 2023
I applied via Referral and was interviewed before Nov 2022. There were 4 interview rounds.
I applied via Naukri.com and was interviewed before Sep 2022. There were 3 interview rounds.
I applied via campus placement at Christ University, Bangalore and was interviewed before Apr 2022. There were 3 interview rounds.
The golden principle of accounting is the principle of double entry.
The principle of double entry states that for every debit entry, there must be a corresponding credit entry of equal amount.
This principle ensures that the accounting equation (Assets = Liabilities + Equity) remains in balance.
It helps in maintaining accurate and reliable financial records.
Example: If a company purchases inventory for $1,000, there wil...
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