Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Deferred tax assets/liabilities are considered as.....................in the financial statements of a company.

Options:

Current

Intangible

Non current

None of these

Correct Answer:

Non current

Explanation:

Deferred tax assets/liabilities are always non-current. This is in accordance with Schedule III of the Companies Act.