Question on: SS1 Accounting - Adjustments In Profit And Loss Account

What are income tax adjustments?

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A

Adjustments made to recognize revenue or expenses that have already been recorded

B

Adjustments made to recognize revenue or expenses that have not been recorded yet

C

Adjustments made to account for debts that are unlikely to be collected from customers

 

D

Adjustments made to reflect changes in the company's tax liabilities

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Correct Option: D

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