Sir if tax is payable one tear after year end and if the first cash flow is in the first day of accounting period then first tax effect is at time to.so here when we say on first day of accounting period so ir does mean that at the strt of the first year na??right??
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Sir if tax is payable 1 year after year end and if the first cashflow is on the first day of accounting period then first tax effect is at time 2. Here when we say first day of accounting period so it means at the start of first year na? Right?
8y ago#2Correct.
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