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The basic entry to provide for company income tax at the end of the financial year is : Select one: a. DR Current tax liability;
The basic entry to provide for company income tax at the end of the financial year is :
Select one:
a.
DR Current tax liability; CR Income tax expense
b.
DR Retained earnings; CR Non-Current tax liability
c.
DR Income tax expense; CR Current tax liability
d.
DR Income tax expense; CR Cash at Bank
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