11-04-2009, 10:53 PM
revaluation surpluls at the end will be transferred to retained earing
what will be the effect of deferred tax?
tax base of revaluation surplus is zero.
deferred tax asset created for the diffirence. I have read the book of Kamran but that is confusing. can anyone explian it in detail?
mean what entry will be pass for deferred tax
what will be the effect of deferred tax?
tax base of revaluation surplus is zero.
deferred tax asset created for the diffirence. I have read the book of Kamran but that is confusing. can anyone explian it in detail?
mean what entry will be pass for deferred tax