What Are Tax-Deferred Accounts?
Deferred tax is the difference between the pre-tax accounting profit and the taxable income due to the time difference, which affects the amount of income tax, and the amount reversed in subsequent periods.
Deferred tax
- 1. should
- 1. Current income tax expenses> Current income tax payable: (ie: taxable time difference, deductible time difference before reversal)
- Borrow: income tax expenses
- Loan: Taxes payable-corporate income tax payable
- Deferred tax
- 2. Current income tax expenses (for current income tax payable: (that is, deductible time differences, taxable time differences before reversal)
- Borrow: income tax expenses
- Deferred tax
- Loan: Taxes payable-corporate income tax payable