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View Full Version : 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.