Question 2 (32 marks)

These balances and totals are from Bantu Ltd for the year ended 30 June 2020.

Real accounts section

30-Jun-19

30-Jun-20

Inland Revenue: Income Tax

12,000.00

15,000.00

Shareholders for dividends

15,000.00

20,000.00

Nominal accounts section

30-Jun-20

Income tax expense

38,000.00

Under-provision for taxation in the previous year Dividends

3,200.00

Interim

Final You are required to:				20,000.00
1. Calculate the amount of dividends and taxation paid.				(12 marks)

18,000.00