When we talk about Permenent difference or temporary difference, we actually mean Interperiod Tax allocation.
Intraperiod tax allocation involves apportionning the total tax provision for financial accounting purpose in a period between the income or loss from:
Income frm continuing operation, Discontinued operations, Extraordinary items, Cumulative effect of accounting change, and other comprehensive income.
difference between temporary and permanent working capital needs
the difference between permanent passport and foreign passport
Temporary = not permanent, for a limited time only Permanent = continuing, no changes... Im sure and hope you can figure this out =.=
a Temporary Magnet lose its magnetism quickly, a Permanent Magnet is hard and it keeps it magnetism
one can be removed which is temporary and one can not be removed permannent
permanent asset should be financed with permanent and spontaneous sources of financing,while temporary assets should be financed with temporary sources of financing.
The main difference is that the teepee is temporary housing and meant to be moved. A lodge is permanent housing.
manual accounting and computerized accounting is different from each other
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
Temporary accounts are like your revenue, expense, owner's drawing accounts and the income summary. Permanent accounts are like your assets, liability, and most of owner's equity accounts.
Temporary and permanent are antonyms. Temporary means for a short period of time and permanent means for a long time/forever.
permanent is where you stay somewhere temporary is you stay there for a little while