Prepare a deferred tax worksheet

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Reference no: EM132892557

Exercise 1:

Calculation of deferred tax

The following information was extracted from the records of Gin Gin Ltd for the year ended 30 June 2021.

Additional information
- The
- The tax rate is 30%.

Required
Prepare a deferred tax worksheet to identify the temporary differences arising in respect of the assets and liabilities in the statement of financial position, and to calculate the balance of the deferred tax liability and deferred tax asset accounts at 30 June 2021. Assume the opening balances of the deferred tax accounts were $0.

Reference no: EM132892557

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