The CFO has asked you to calculate the taxable income and prepare journal entries for Rudolf Ltd at 30th June 2022. Accounting loss before tax Impairement loss warranty expense Fines expense Doubtful Debts. Depreciation Plant warranty paid** Depreciation for tax - Plant.** Bad debts written off. ** (80,000) 1,000 10,000 5,000 4,000 20,000 8,000 30,000 10,000
The CFO has asked you to calculate the taxable income and prepare journal entries for Rudolf Ltd at 30th June 2022. Accounting loss before tax Impairement loss warranty expense Fines expense Doubtful Debts. Depreciation Plant warranty paid** Depreciation for tax - Plant.** Bad debts written off. ** (80,000) 1,000 10,000 5,000 4,000 20,000 8,000 30,000 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The CFO has asked you to calculate the taxable income and prepare journal entries for Rudolf Ltd at 30th
June 2022.
Accounting loss before tax
Impairement loss
warranty expense
Fines expense
Doubtful Debts.
Depreciation Plant
warranty paid**
Depreciation for tax - Plant.**
Bad debts written off. **
(80,000)
1,000
10,000
5,000
4,000
20,000
8,000
30,000
10,000
Note These items ** are deductible for tax purposes
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