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how to determine the income tax expense for the Is? In Q2 note (ii) of dec07 is different from but i

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › how to determine the income tax expense for the Is? In Q2 note (ii) of dec07 is different from but i

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  • December 3, 2010 at 1:37 am #46454
    calina
    Member
    • Topics: 1
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    please can you tell me when the income tax from the trial balance is deducted or added from the estimated provision for income tax for determine the income tax expense for the Is?

    In Q2 note (ii) of dec07 Llama : it has being deducted( 400)
    income tax expense= 18700-400-(11200-10000)=17100
    —-but in Q2 note(v) of dec09 Sandown it has being added (2100)
    income tax expense=16200+2100-1500=16800

    thanks

    December 3, 2010 at 1:32 pm #72229
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23203
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    If you look at it, I think you’ll find that in one case, it’s a credit figure on the trial balance and in the other question, it’s a debit on the trial balance. You need to go back to basic double entry principles and T accounts – sorry!

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