Page 475 - F1 Integrated Workbook STUDENT 2018

Answers

Chaapter 115

Exxampple 1

Thee following information is available for Happpy:
$
Incoome tax liaability at 31 May 20X00 316,0000
Incoome tax paaid on 28 FFebruary 200X1 263,00 00
Incoome tax esstimate for the year eended 31 MMay 20X1 383,50 00
Reqquired:

Shoow the enttries in thee income ttax accouunt and thee extractss from the
finaancial stattements foor the yearr ended 311 May 20XX1.

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