The transactions below relate to Zoblazo Company Ltd . Balances as at 1 / 0 7 /
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Question:
The transactions below relate to Zoblazo Company Ltd
Balances as at were as follow:
GHS
Taxes payable
Deferred tax liabilities
Deferred tax assets
During the year to the following additional transactions occurred:
Taxable temporary differences other than from the recognition of goodwill and business combination was GHS
Deductible temporary differences other than from the recognition of goodwill and business combination was GHS
Unused tax losses and unused tax credits amounted to GHS and GHS respectively
Current taxes payable was assessed at GHS
The tax rate prevailing during the year and expected for the next five years is
Taxes paid during the year amounted to GHS
You are required to prepare the tax schedule for Zoblazo Company Ltd showing clearly:
a The tax expense to be charged in the statement of comprehensive income
b The tax liability or asset to be recognised in the statement of financial position
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: