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Income tax in the income statement
mariapeschard
Mar 9, 2009, 07:14 PM
How is the income tax before taxes computed in the income statement
ROLCAM
Mar 10, 2009, 04:16 AM
You calculate the Company Rate of Tax
On the Earned Icome.
DEBIT Income tax payable XXXX
CREDIT Provision for Income Tax XXXX
Being the Company rate of tax on the
Earnings for the period.