What is the difference between temporary and deductible differences for deferred tax under IAS 12?

What is the difference between temporary and deductible differences for deferred tax under IAS 12?

• A. Temporary differences relate to timing differences; deductible differences create deferred tax assets; taxable differences create deferred tax liabilities.
• B. Temporary differences create deferred tax assets; deductible differences create deferred tax liabilities.
• C. Temporary differences are permanent; deductible differences create no deferred taxes.
• D. Temporary differences relate to timing differences; deductible differences create deferred tax assets; taxable differences create deferred tax liabilities.

Answer: (D)