GuestLearn › Figures & Abbreviations
Deferred Tax Figures
Source: Clackr original
Accounting profit Rs. 1,00,000; tax rate 30%; depreciation Rs. 20,000 in books against Rs. 35,000 for tax. Taxable profit = Rs. 85,000; current tax = Rs. 25,500; deferred tax liability on the Rs. 15,000 difference = Rs. 4,500.
Typing details
- 38 words, 226 characters
- 8 figures to type exactly
- About 1 minute at 40 WPM
About Figures & Abbreviations
Figures, entries and abbreviations: journal entries with amounts, GST invoice workings, depreciation, ratios and profit sharing. They build accuracy with the digits and punctuation of commerce work, where one wrong figure changes the meaning.