calculate total accumulated longvservice leave benefits as at 30 june what amouny shouf be reported for the long service leave provisions as at 40 june

Q: ABC Company borrowed $100,000 on January 1, 20X1.  Interest is 6% payable each December 31.  They…

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Q: Exercise The Insurance company GENINS started operating at 01.01.2008, having zero operational…

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Q: On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry…

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A: National Employment Standard Minimum requirements: This is the system of employment standard minimum…

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A: incremental income is the extra income earned above the normal income. we need to calculate extra…

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A: Current Liability- These are those liabilities which are required to be paid within a period of 12…

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A: Conservative Financing strategy It is strategy of financing the working capital with less or no…

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Q: Monthly payroll register Hanna Institute for January shows the following information: The salary…

A: Payroll accounting is the recording of all the financial transactions related to the cost of the…

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A: 1. Normal Wages Are for 40 hours 2. Regular wages = 40 x 40 = 1,600 2. Overtime has been paid for 2…

Q: On January 1, Portillo, Incorporated lends a corporate customer $96,000 at 5% interest. The amount…

A: Given,   Amount given =  $ 96,000 Interest = 5% p.a. Amount given on = January 1 Amount of…

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A: Interest expense accrued = Promissory note payable x rate of interest x months/12

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A: Solution Gross earning is an individual's Total earnings before taxation or other deductions.

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A: 1.

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Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.