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What is Deferred tax? If the tax rate is 20% for company, pass the journal entries related to income tax for all three years.

What is Deferred tax? If the tax rate is 20% for company, pass the journal entries related to income tax for all three years. (15) Details Accounting Profit Taxable Profit 2020 12000 12000 2021 12000 10000 2022 12000 14000

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