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Shi2004.
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Shi2004
- Topics: 77
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Hello sir num 140 in bpp kit how to know it is an asset or a liability??
P2-D2
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Hi,
I’ve not got the kit to hand, sorry, but remember that debit balances are assets and credit balances liabilities. For deferred tax it is is a DT liability if the CV is greater than the tax base, and a liability if the tax base is greater than the liability.
Hope this helps.
Thanks
Shi2004
- Topics: 77
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Thanks a lot sir 🙂
Shi2004
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