Accountancy, asked by shauryagupta1818, 3 months ago

how to calculate statement of profit and loss in provision for tax if only opening and closing balance of provision for tax and tax for the current year is given​

Answers

Answered by ritikasingh9940
0

Answer:

before tax from operating activities as actual tax paid is the outflows. 2. In the absence of specific information Provision for Tax shown in the previous year's balance sheet should be treated as tax paid and Provision for Tax shown in the current year's balance sheet should be treated as current year's tax provision.

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