Accounting profit is based on a full accrual model whereas taxable profit is based on a partial

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Accounting profit is based on a full accrual model whereas taxable profit is based on a partial accrual model.

Explain this comment by reference to the following items: long service leave, doubtful debts, prepayments, warranty costs, interest costs, development costs and rent received in advance.

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Jul 31, 2018 03:38 AM

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Accounting profit is based on a full accrual model whereas taxable profit is based on a partial

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In accordance with paragraph 27 of AASB 101 Presentation of Financial Statements the financial state... View the full answer

Government and Not for Profit Accounting Concepts and Practices

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