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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › OKM CO
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?
Correct. That is what we always assume unless the question says differently.
