Question
1.An organisation owes 300,000 tax at 1.7.X4 and 450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of 400,000.
1.An organisation owes 300,000 tax at 1.7.X4 and 450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of 400,000. How much tax was actually paid in the year to 30.6.X5?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
