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Good day Sir
On Chapter 18, example 2:
Deffered tax on the Statement of Profit and loss extract the amounts for 2010 and 2011 are 50 for both instead if the result of working 2 which is 100 and 50 respectively. Why is that Sir.
And by the way thanks for the lectures for the first time in my life I’m enjoying accounting
Without looking up the offending chapter and the workings, am I not correct if I say that the deferred tax is originally 100 and then 50 is written off to profit or loss leaving 50 and that last 50 is written off the following year to leave zero
Does that make sense for you now?
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