Question: 1. What is 'temporary difference' in tax accounting? Explain the different types of temporary differences and how it arises 2. Discuss what is meant by

1. What is 'temporary difference' in tax accounting? Explain the different

1. What is 'temporary difference' in tax accounting? Explain the different types of temporary differences and how it arises 2. Discuss what is meant by the term 'functional currency' and 'presentation currency'. 1. What is 'temporary difference' in tax accounting? Explain the different types of temporary differences and how it arises 2. Discuss what is meant by the term 'functional currency' and 'presentation currency

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