What is deferred tax asset? Post category:Accountancy Reading time:1 mins read SOLUTION A deferred tax asset arises when Accounting Income is less than Taxable income. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat do you understand by the term deferred tax? Next PostWhat is deferred tax liability? You Might Also Like Provision for Depreciation Rs. 65,000; Provision for Doubtful Debts Rs. 30,000; and Provident Fund Rs. 1,50,000 has been transferred to the Credit side of Realisation Account. For which item payment is to be made by the firm? September 27, 2022 What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm. September 23, 2022 Sure Ltd. purchased a running business from M/s. Rai Brothers for a sum of Rs. 15,00,000 payable Rs. 12,00,000 in fully paid shares of Rs. 10 each and balance through cheque. July 14, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.