Deferred tax

A Liability that results from income that has already been earned for Accounting purposes but not for Tax purposes.

Related Terms: 5 Account, Accounting, Inc., Liability, Tax

Other Related Pages: Category: Taxes Starting With: D

Additional Related Terms: Account, Accounting, Accounting equation, Account statement, Accrual basis accounting, Allowance for depreciation, Average accounting return, Account aggregation, Account balance, Active account