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PG 48 BPP RÉVISION KIT CHAPTER ACCOUNTING FOR TAXATION

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › PG 48 BPP RÉVISION KIT CHAPTER ACCOUNTING FOR TAXATION

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  • September 22, 2021 at 2:42 pm #636318
    Shi2004
    Participant
    • Topics: 79
    • Replies: 33
    • ☆☆

    Hello sir num 140 in bpp kit how to know it is an asset or a liability??

    September 25, 2021 at 8:50 am #636441
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6473
    • ☆☆☆☆☆

    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

    September 26, 2021 at 8:50 am #636509
    Shi2004
    Participant
    • Topics: 79
    • Replies: 33
    • ☆☆

    Thanks a lot sir 🙂

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