Question
Hello , I do not undertand why is the grant revenue is exempt from tax this is first deducted and then add back again. Deduct:
Hello ,
I do not undertand why is the grant revenue is exempt from tax this is first deducted and then add back again.
Deduct: Accounting income
Grant revenue (exempt) (5 000)
Taxable income 34 390
Add back exempt income 5 000
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Fundamentals Of Advanced Accounting
Authors: Joe Hoyle
4th Edition
78136636, 978-0078136634
