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Journal entryBeginnerVariant — group VG.IAS12.000039Published

Question · Tax recognised in profit or loss

At the reporting date, Isolvane's deferred tax liability arising from accelerated tax depreciation must increase by 18,000. Record the entry.

Increase in deferred tax liability
18,000
Your answer

  1. Line 1

    Account Deferred tax expense

  2. Line 2

    Account Deferred tax liability

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