Calculations of current tax liability

Reference no: EM133081082

Accounting for Income Taxes

Question 1: Calculations of Current Tax Liability and Adjusting Journal Entry

Required
Prepare a current tax worksheet and the journal entry to recognise the company's current tax liability as at 30 June 2015.

Exercise: Current and Deferred Tax

Required

1. Prepare the current tax worksheet and the journal entry to recognise the current tax as at 30 June 2013.

2. Prepare the deferred tax worksheet and any necessary journal entries to adjust deferred tax accounts.

Reference no: EM133081082

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