CIMA F2 Advanced Financial Reporting F2 Question # 61 Topic 7 Discussion

CIMA F2 Advanced Financial Reporting F2 Question # 61 Topic 7 Discussion

F2 Exam Topic 7 Question 61 Discussion:
Question #: 61
Topic #: 7

AB's financial information shows that the non current assets' carrying value is greater than the tax base at the year end.

What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?


A.

Dr Deferred tax provisionCr Tax expense


B.

Dr Deferred tax provisionCr Other comprehensive income


C.

Dr Tax expenseCr Deferred tax provision


D.

Dr Other comprehensive incomeCr Deferred tax provision


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