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T1 - IAS 12 - BT1 - Key
T1 - IAS 12 - BT1 - Key
2. Journal entries
Year: 20x1 20x2
Dr Tax expense $168,850 $201,985
Cr Deferred tax liability $49,280 $20,230
Cr Tax payable $119,570 $181,755
Being tax expense recorded for the respective years.