(a) Distinguish between current tax and deferred tax. (b) Distinguish between permanent differences...
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Accounting
a Distinguish between current tax and deferred tax. b Distinguish between permanent differences and temporary differences. c Explain how temporary differences between accounting profits and taxable profits would affect the tax expense shown in an entity's financial statements unless deferred tax were taken into account. 
a Distinguish between current tax and deferred tax.
b Distinguish between permanent differences and temporary differences.
c Explain how temporary differences between accounting profits and taxable profits
would affect the tax expense shown in an entity's financial statements unless
deferred tax were taken into account.
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