5 A company's trial balance at 31 December 2021 shows a debit balance of GHS700,000 on current tax and a credit balance of GHS8,400,000 on deferred tax. The directors have estimated the provision for income tax for the year at GHS4.5m and the required deferred tax provision is GHS5.6m, GHS1.2m of which relates to a property revaluation. What is the profit or loss income, Jax charge for the year ended 31 December 2021? A GHS1m B GHS2.4m C GHS1.2m D GHS3.6m 6The statements of financial position of NO Plc included the following. Statements of financial position as at: 31 March 2022 31 March 2021 GHS'000 GHS 000 Current assets Income tax asset-50 Non-current liabilities Deferred tax 50 30 Current liabilities Income tax payable 150- The profit or loss income tax charge for the year ended 31 March 2022 is estimated at GHS160,000 What amount of income tax has been received or paid during the year ended 31 March 2022? A GH5140,000 paid B GHS110,000 received CGHS60,000 received D GHS90.000 paid 7 Which of the following are not classified as financial instruments under IAS 32 Financial