These balances and totals are from Levenstein Ltd for the year ended 30 June 20x8: You are
Question:
These balances and totals are from Levenstein Ltd for the year ended 30 June 20x8:
You are required to:
Calculate the amount of dividends and taxation paid.
Transcribed Image Text:
Real accounts section SARS: Income tax Shareholders for dividends Nominal accounts section Income tax expense Under-provision for taxation in the previous year Dividends Interim Final 1 July 20x7 12 000 00 15 000 00 30 June 20x8 15 000 00 20 000 00 30 June 20x8 38 000 00 3 200 00 18 000 00 20 000 00
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Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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