Economy, asked by himanshumahour2381, 10 months ago

Why income tax paid is not included while calculating net profit before tax and extraordinary items?

Answers

Answered by ItzModel
0

Explanation:

It is due and paid in the current year. It is added to current years profits while calculating Net Profit Before Tax and Extraordinary Items because it is related to Financing Activities. It is deducted while calculating Cash from financing activities as it shows an outflow of cash.

Similar questions