Deferred tax assets The accounting entry for the reversal of the amount written down

300,000 deferred tax assets recognized due to future deductible temporary differences in 2004.

However, the company does not have so many profits to deduct, and only 180,000 can be deducted, so the output value must be accrued.

Debit: Income Tax Expense – Deferred Income Tax Expense 12

Credit: Deferred Tax Assets – Trading Financial Assets 12

Deferred tax assets, the debit side is the increase amount.

Income tax expense: Income tax expense is an expense account, with the debit side representing the income tax expense incurred and the credit side representing the income tax expense transferred to profits.

Decrease in the carrying amount of deferred tax assets.

That is, the impairment of deferred tax assets increases the deferred tax debit, resulting in an increase in income tax expense.

Your reversed entry is correct.

In 2005, there was enough profit to be deducted from the previous one, so the impairment accrued before was reversed.

Borrow: Deferred tax assets – trading financial assets 12

Goods: Income tax expense - Deferred income tax expense 12

For previously recognized impairment provisions, it is possible for the company to obtain sufficient taxable income in subsequent periods to take advantage of the deductible temporary differences, so that the economic benefits contained in the deferred tax assets can be realized and the impairment is allowed to be reversed. It should be reversed within the scope of the original impairment and the opposite accounting entry should be made.

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1. The deductible temporary difference reversed cannot be deducted from the taxable income, in this case, the enterprise is allowed to make an impairment provision for "deferred tax assets", and the specific accounting entries are to debit the "income tax expense" and credit the "impairment provision for deferred tax assets".

2. The accounting entries for impairment of deferred tax assets are as follows:

Borrow: Income tax expense.

Credit: Provision for impairment of deferred tax assets.

Accounting treatment of deferred tax assets:

1) On the balance sheet date, the deferred income tax assets that should be recognized by the enterprise according to the income tax standards shall be debited to this account and credited to the accounts of "income tax expense - deferred income tax expense" and "good mao capital reserve - other capital reserve". If the deferred tax assets to be recognized in the current period are greater than their book balances, they should be recognized according to their differences; The difference between the deferred income credit tax assets that should be recognized in the current period and the book balance shall be reversed.

2) On the balance sheet date, if it is expected that sufficient taxable income will not be available in the future period to offset the deductible temporary differences, the accounts of "income tax expense - current income tax expense" and "capital reserve - other capital reserve" shall be debited according to the amount that should be written down in the deferred tax assets that have been recognized, and the account shall be credited to this account.

Extension: When the carrying amount of the assets and liabilities of the enterprise is different from the tax basis of the deductible temporary difference and the deferred tax assets are accrued, the accounting entries are debit: deferred tax assets, credit: income tax expense - deferred tax expense.

Deferred tax assets are assets that are expected to be used for tax deduction in the future, and deferred income tax is the impact of temporal differences on income tax, and deferred tax will only be generated under the tax impact accounting method.

When there is a deductible temporary difference in deferred income tax, the account of "deferred income credit tax assets" shall be debited and the "income tax expense" shall be credited. So how to do the accounting entries for the reversal of deferred tax assets? Come and follow the deep space network to find out!

1. Confirm deductible temporary differences:

Debit: Deferred tax assets.

Credit: Tax Payable – Income Tax Payable.

2. Reversal of deductible temporary differences:

Borrow: Income tax expense.

Credit: Deferred tax assets.

Case Description. The deductible temporary difference for the first year is 100, the tax rate is 25%, and the deferred tax asset of 25% is recognized. The deductible temporary difference in the second year becomes 50, at which point the balance of the deferred tax assets should be, so the deferred tax assets need to be reversed.

How to do the corresponding accounting entries?

Borrow: Income tax expense.

Credit: Deferred tax assets.

What is a deferred tax asset?

1. Deferred income tax assets refer to the assets that are expected to be used for tax deduction in the future. What about the accounting treatment of deferred income tax?

2. Deferred income tax can be understood as the impact of temporal differences on income tax, and deferred income tax assets and deferred tax liabilities correspond to temporary differences. Deductible temporary differences correspond to deferred tax assets.

3. Deferred income tax is calculated through deductible temporary differences and applicable tax rates.

The accounting entries for the reversal of deferred tax assets are: debit: income tax expense, credit: deferred tax assets.

The reversal of deferred tax assets will lead to a decrease in deferred tax assets, a decrease in deferred tax assets, and an increase in income tax expense in debit accounting.

A: 1Income tax expense = current income tax + deferred income tax.

2.Taxable income for the current period = pre-tax accounting profit + deductible temporary differences in profit or loss for the current period - taxable temporary difference in profit or loss for the current period + other adjustment items - other reduction items.

3.Taxable income for the current period = pre-tax accounting profit + deductible temporary differences affecting profit or loss in the current period - taxable temporary difference affecting profit or loss in the current period - deductible temporary difference in profit or loss affected by reversal in the current period + taxable temporary difference affecting profit or loss reversed in the current period + other adjustment items - other adjustment items.

From these three formulas, it can be seen that when the deductible difference is reversed, the income tax payable for the current period is reduced, that is, the current income tax expense is underpaid in the future.

Therefore, the accounting entries are debit: deferred tax assets credit: income tax expense.

What is the method of recognition of deferred tax assets?

If there is a deductible temporary difference between the carrying amount of assets and liabilities and their tax base, the relevant deferred tax assets should be recognized to the extent that it is likely to obtain sufficient taxable income to take advantage of the deductible temporary difference when it is estimated that sufficient taxable income can be obtained in the future period to take advantage of the deductible temporary difference.

1) For deductible temporary differences related to investments in subsidiaries, associates and joint ventures, the relevant deferred tax assets shall be recognized if the following conditions are met at the same time: first, the temporary differences are likely to be reversed in the foreseeable future; Second, it is likely that the taxable income used to offset the deductible temporary difference will be obtained in the future.

2) Uncompensated losses and tax credits that can be carried forward to subsequent years in accordance with the provisions of the tax law shall be treated as deductible temporary differences. Deferred tax assets related to deductible losses and tax credits are recognized under the same conditions as deferred tax assets arising from deductible temporary differences.

3) In the case of a business combination, if there is a deductible temporary difference between the recorded value of the identifiable assets and liabilities acquired in the merger and its tax basis recognized in accordance with the accounting standards, the corresponding deferred income tax assets shall be recognized and the goodwill that should be recognized in the merger shall be adjusted.

4) For deductible temporary differences related to transactions or events directly credited to owners' equity, the corresponding deferred tax assets should be included in owners' equity.

How to do deferred tax assets reduction accounting entries? Through the author's explanation in the above, you can find that if there are fewer deferred assets, it means that the final income to be paid will be less, and the entries will be very good. At the same time, the four differences related to the recognition of deferred assets are also shared above, which can be referred to.

Borrow: Income Tax Expense, Loan: Deferred Income Tax Assets.

Deferred income tax assets are assets that are expected to be used to deduct taxes in the future, and deferred income tax is the impact of time differences on income tax, and deferred tax will only be generated under the tax impact accounting method. It is the amount of income tax payable in the future period that is calculated, affected (reduced) based on the deductible temporary difference and the applicable tax rate.

Accounting Entries: Debit: Income Tax Expense, Other Comprehensive Income, etc.

Credit: Deferred tax assets.

The reversal of deferred income tax means that the deductible temporary difference no longer exists, so the deferred tax assets that were previously recognized are reversed.

Under income tax accounting, an enterprise should review the carrying amount of deferred tax assets recognized as a result of temporary differences in taxation at the balance sheet date.

If it is likely that sufficient taxable income will not be available in future periods to offset the deductible temporary differences, the deferred tax assets that were originally recognized should be adjusted to the amount that should be written down in the deferred tax assets that have been recognized.

A company's total profit in 2008 was 1 million yuan, and the company's applicable income tax rate was 25%. There are no opening balances for deferred tax assets and deferred tax liabilities. The circumstances related to income tax accounting are as follows:

1) In December 2008, a provision of 100,000 yuan for the decline in the price of an inventory was made;

2) A fine of 200,000 yuan shall be paid for violating environmental protection regulations.

The company's taxable income = 100 + 10 + 20 = 1.3 million yuan.

Income tax payable = 130 25% = 10,000 yuan.

The penalty of 200,000 yuan for violating environmental regulations is a permanent difference, and deferred income tax assets = 10 25% = 10,000 yuan.

The income tax expense that should be recognized in the income statement = current income tax + deferred income tax = 10,000 yuan.

Accounting treatment: borrow: income tax expense of 300,000 yuan.

Deferred income tax assets million.

Credit: tax payable - income tax payable million.