ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

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

Single Entity- TAX

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 17, 2010 at 12:23 pm #46049
sahira786
Member
- Topics: 2
- Replies: 1
If tax in the trial balance is oon the CR side of the trial balance… does that mean its deferred tax or is it prepaid tax?
November 18, 2010 at 3:53 pm #70927
MikeLittle
Keymaster
- Topics: 27
- Replies: 23203
It sounds like it’s an over-provision from last year. deferred tax will be identified as such in a trial balance and prepaid tax ( think about the double entry credit cash and debit the tax account ) would be a debit balance
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.