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    mariapeschard's Avatar
    mariapeschard Posts: 3, Reputation: 1
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    #1

    Mar 9, 2009, 07:14 PM
    Income tax in the income statement
    How is the income tax before taxes computed in the income statement
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    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.
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