Journal Entry - Deferred Tax Provision

Hi Glen and Joe (or anybody else who can help :slight_smile: )

In which section of the chart of accounts should I create nominal accounts for the following items:

  1. Deferred Tax Provision - deferred losses (a DR)
  2. Deferred Tax Provison - FA Allowances (a CR)
  3. Deferred Tax (a CR)

I’ve never had to do this before, so would appreciate some guidance…

Thanks
Carri