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

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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.