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Its about deffered taxation ias 12 please solve it kindly 2. PRICEWELL CO. Current Tax Deferred Tax 700 Cr 8,400 Cr The directors have estimated
Its about deffered taxation ias 12 please solve it kindly
2. PRICEWELL CO. Current Tax Deferred Tax 700 Cr 8,400 Cr The directors have estimated the provision for income tax for the year ended 31 March 2009 at $4,500. The required deferred tax provision at 31 March 2009 is $ 5,600, all adjustments to deferred tax should be taken to the income statement. The balance of current tax in the trial balance represents the under/over provision of the income tax liability for the year ended 31 March 2008. The income tax rate of Pricewell is 35%. 5:42 PM Step by Step Solution
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