DEFERRED TAX LIABILITIES Definition

Bookmark and Share

DEFERRED TAX LIABILITIES have an effect of increasing future years income tax payments, which indicates that they are accrued income taxes and meet definition of liabilities. Whereas deferred tax assets have an effect of decreasing future income tax payments, which indicates that they are prepaid income taxes and meet definition of assets.

Learn new Accounting Terms

MARKET SEGMENT is a group of consumers, within a broader market, that has similar characteristics and needs.

RECURRING ENTRY is a scheduled accounting entry that occurs consistently as to date and amount, e.g. a monthly lease payment.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.