Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Deferred taxes

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

  • This topic has 0 replies, 1 voice, and was last updated 2 years ago by YG79.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • July 19, 2022 at 5:45 pm #661341
    YG79
    Member
    • Topics: 4
    • Replies: 0
    • ☆

    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.

  • Author
    Posts
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.