Differences between pretax financial income and taxable income in an accounting period that will not reverse in a later accounting period are called

Name: Differences between pretax financial income and taxable income in an accounting period that will not reverse in a later accounting period are called
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Quizplus · Accepted Answer

Permanent differences are differences between pretax financial income and taxable income that will not reverse in the future, unlike temporary differences which will reverse at some point.

Differences Between Pretax Financial Income and Taxable Income in an Accounting