Deferred Tax Asset

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November 27, 2020 at 9:03 pm #596764
genius101
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What is the journal entry for deferred tax asset, both increase and decrease?
November 28, 2020 at 7:52 am #596800
P2-D2
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I’ll give you a clue and then you can take it from there to see if you get it right. An increase in an asset is a debit, while a decrease in an asset is a credit. The other side will then go to profit or loss.

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