Practical Question 2 Accounting for Income Tax Deferred Tax Worksheet 6 Marks The Statement of Financial Position of Peach as at 30 June 2020 showed the following assets and liabilities 2020 2019 Assets $ $ Cash 15 000 12 500 Accounts receivables 65,000 51,000 Allowance for doubtful debts (3,000) (4,000) 8,500 Inventory 11,500 Rent Receivable 4,200 7,500 Plant 60,000 60,000 Accumulated Depreciation Plant (27,500) (21,000) Deferred Tax Asset 2,400 Liabilities 29,000 Accounts Payable Provision for warranty 26,000 4,500 7,000 Provision for annual leave 7,500 7,000 Deferred Tax Liability 3,200 Practical Question 2 Accounting for Income Tax Deferred Tax Worksheet 6 Marks The Statement of Financial Position of Peach as at 30 June 2020 showed the following assets and liabilities 2020 2019 Assets $ $ Cash 15 000 12 500 Accounts receivables 65,000 51,000 Allowance for doubtful debts (3,000) (4,000) 8,500 Inventory 11,500 Rent Receivable 4,200 7,500 Plant 60,000 60,000 Accumulated Depreciation Plant (27,500) (21,000) Deferred Tax Asset 2,400 Liabilities 29,000 Accounts Payable Provision for warranty 26,000 4,500 7,000 Provision for annual leave 7,500 7,000 Deferred Tax Liability 3,200

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Practical Question 2   Accounting for Income Tax   Deferred Tax Worksheet   6 Marks The Statement of Financial Position of Peach as at 30 June 2020 showed the following assets and liabilities  2020 2019 Assets $ $ Cash 15 000 12 500 Accounts receivables 65,000 51,000 Allowance for doubtful debts (3,000) (4,000) 8,500 Inventory 11,500 Rent Receivable 4,200 7,500 Plant 60,000 60,000 Accumulated Depreciation   Plant (27,500) (21,000) Deferred Tax Asset 2,400 Liabilities 29,000 Accounts Payable Provision for warranty 26,000 4,500 7,000 Provision for annual leave 7,500 7,000 Deferred Tax Liability 3,200 Practical Question 2   Accounting for Income Tax   Deferred Tax Worksheet   6 Marks The Statement of Financial Position of Peach as at 30 June 2020 showed the following assets and liabilities  2020 2019 Assets $ $ Cash 15 000 12 500 Accounts receivables 65,000 51,000 Allowance for doubtful debts (3,000) (4,000) 8,500 Inventory 11,500 Rent Receivable 4,200 7,500 Plant 60,000 60,000 Accumulated Depreciation   Plant (27,500) (21,000) Deferred Tax Asset 2,400 Liabilities 29,000 Accounts Payable Provision for warranty 26,000 4,500 7,000 Provision for annual leave 7,500 7,000 Deferred Tax Liability 3,200

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Practical Question 2 - Accounting for Income Tax - Deferred Tax Worksheet - 6 Marks The Statement of Financial Position of Peach as at 30

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