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Using the Tax Payable method, the journal to recognise the expense and liability for income...

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Accounting

Using the Tax Payable method, the journal to recognise the expense and liability for income tax is: Select one: a. Debit Provision for Income Tax Expense (Balance Sheet); Credit Current Tax Payable (Balance Sheet). Incorrect b. Debit Income Tax Expense (Income Statement); Credit Current Tax Payable (Balance Sheet). c. Debit Income Tax Expense Liability (Balance Sheet); Credit Provision for Income Tax (Balance Sheet). d. Debit Current Tax Payable (Balance Sheet); Credit Income Tax Expense (Income Statement)

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