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The CFO of Chips Itd has asked you to calculate the taxable income and prepare jo entries at 3 0 th June 2 0 2
The CFO of Chips Itd has asked you to calculate the taxable income and prepare jo entries at th June Use the information below in your calculation.
tableAccounting ProfitLoss before tax,Penalty costs,Insurance paid Doubtful debts expense.,Depreciation Motor Vehicle,Long service leave expense,Depreciation for tax Motor VehicleLong service leave paid. Bad debt written off Insurance expense,
Note These items are deductible for tax purposes
Calculate tac liability for chips ltd
Prepare journal entry to show this
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