[nihad1996]

IVE GOT FOLLOWING QUESTIONS
1)WHAT ARE ITEMS INCLUDED IN “TAX CHARGE ” AND WHY ??(REALLY CONFUSED WITH THIS )

2)WHAT IS THE RATIONALE BEHIND ADDING UP THE OPENING BALANCES OF DEFERRED TAX AND CURRENT TAX WHILE WE ARE COMPUTING MISSING AMOUNT, LIKE FOR EXAMPLE FINDING BALANCE PAID TO TAX AUTHORITIES?

[nihad1996]

What is an accounting treatment for the revaluation of an asset (other than land) adjustment at end of year ? Explain me with double entry aspect of this particular adjustment ??
Thank you

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