In an organisation, provision for taxation as on 31st December, 2013 was ₹16,000 and on 31st December, 2014 ₹18,000. Provision for taxation of ₹19,000 was made during the year 2014. The tax paid during the year is —

CS Executive · Cost and Management Accounting · PYQS · June 2015
In an organisation, provision for taxation as on 31st December, 2013 was ₹16,000 and on 31st December, 2014 ₹18,000. Provision for taxation of ₹19,000 was made during the year 2014. The tax paid during the year is —
(A) ₹17,000
(B) ₹19,000
(C) ₹2,000
(D) ₹16,000.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Accounting / Cash Flow Statement

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