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OKM CO

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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March 31, 2018 at 4:50 pm #444334
humai
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Hello
Sir in OKM CO question june 2010, the tax was payable in arrear and examiner has taken first tax effect at year 2, so here it is assumed that first cashflow has occurred on the 1st day of accounting period na?
April 1, 2018 at 10:26 am #444364
John Moffat
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Correct. That is what we always assume unless the question says differently.
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