For the year ended $\frac{31}{10}/2023$ Alpha PLC made taxable trading profits of $2,500,000$ on which corporation tax is payable at $25\%.$ The estimated tax on

profits for the year to $\frac{31}{10}/2022$ was $520,000,$ but tax has now been agreed with HMRC at $510,000$ and fully paid. What would be the journal entry

required in the year ending $\frac{31}{10}/2023$ to adjust for the previous year's under$/$over provision?

a$.$ Dr Tax expense $10,000.$ Cr Bank $10,000.$

b$.$ Dr Tax expense $510,000,Cr$ Tax payable $510,000$

c$.$ Dr Tax expense $10,000.$ Cr Tax payable $10,000.$

d$.$ Dr Tax payable $10,000.$ Cr Tax expense $10,000.$