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Deferred taxes

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Deferred taxes

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  • July 19, 2022 at 5:45 pm #661341
    YG79
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    Hi,

    Current years deferred tax is 100$ and PBT is 500$ and Current tax is 200$. So

    Dr. Current tax 300$
    Cr. Deferred tax liability 100$
    Cr. Current tax payables 200$

    If I pay my current taxes this year only without 1 year arrear, what will be the entry?

    Txs.

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