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Calculate The current tax account, deferred tax account and revaluation account for the years 1999 and 2000

      

Jallam Co. Ltd. had been preparing its financial statements using actual taxes payable method for computing tax expense. In the year ended 30 June 2000, the company changed to deferred tax method and the new policy was to be applied retroactively to the accounts of the years ended 30 June 1999 and 2000.
The following are the balance sheets of the company for the two years ended 30 June 199 and 2000 before incorporating tax expense for the year 2000.
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Calculate The current tax account, deferred tax account and revaluation account for the years 1999 and 2000

  

Answers


Wilfred
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Wilfykil answered the question on February 8, 2019 at 08:04


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