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Please assist with below question
Hudson has the following balances on its trial balance, at 30 June 2014
Taxation $4,000 credit
Def Tax $12,000 creditThe balance on taxation relates to an overprovision from 30 June 2013
At 30 June 2014 the directors estimate that the provision necessary for taxation on current year profits is $15,000. The carrying amount of Hudson non current assets exceeds the tax written down value by 30000. Tax rate is 30%
What’s the charge to P OR L for 30 June 2014
I used the T accounts but did not get the answer in the book ($8000
Deferred tax debits:
Carried forward $9,000
Balancing figure $3,000Deferred tax credits:
Brought forward $12,000
Current tax debits:
Carried forward $15,000
Current tax credits:
Brought forward $4,000
Transfer from deferred tax $3,000
Missing figure to PorL $8,000What is there not to understand?
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