At which time are deferred tax accounting adjustments to be recorded?

Question

Quizplus · Accepted Answer

Deferred tax accounting adjustments are recorded at balance date, which is the end of the accounting period for which the financial statements are being prepared. This is when the company assesses its tax position and records the necessary adjustments to reflect the temporary differences between the carrying amounts of assets and liabilities for tax and accounting purposes. End of each month, when each transaction arises or when cash flows occur are not appropriate times for recording deferred tax accounting adjustments.

At Which Time Are Deferred Tax Accounting Adjustments to Be