Differentiate between “taxable temporary differences” and “deductible temporary differences”

Differentiate between “taxable temporary differences” and “deductible temporary differences”

Answers

Taxable temporary differences are temporary differences that will result in taxable amount in determining taxable profit (loss) of future periods when the carrying amount of the asset or liability is recovered or settled while deductible temporary
differences are temporary differences that will result in amounts that are deductible in determining taxable profit (loss) of future periods when the amount of asset or liability is recovered or settled.

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Wilfykil answered the question on February 8, 2019 at 05:26

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