Hi,
When tax is paid bi-annually it gets processed to the 9550-000 Taxation payable account, does this account get cleared out at the financial year-end and what is the journal entry?
Your advise will be appreciated.
Thanks
Hi,
When tax is paid bi-annually it gets processed to the 9550-000 Taxation payable account, does this account get cleared out at the financial year-end and what is the journal entry?
Your advise will be appreciated.
Thanks
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