Bark Limited Page 178 Assessment kit! DFS

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Please can anyone tell me how to get the taxation figure for the cash flow statement? There are different figures in the Balance Sheet and the Profit and Loss. Any help and a good way to remember it for the exam would be very helpful. Cheers Sandy.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Bark Limited Page 178 Assessment kit! DFS

    Hi there<BR><BR>To calculate the tax paid out in the period: tax on balance sheet 20X3 + tax on profits 20X4 - tax on balance sheet 20X4.<BR><BR>This assumes the figure for tax liability in 20X3's balance sheet includes the tax on profit for 20X3.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Bark Limited Page 178 Assessment kit! DFS

    Thanks Neil, have just tried it and of course u r right! Good luck if u r sitting exams this year.<BR><BR>Sandy.

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