Financial Accounting

This query is : Resolved 

11 February 2009 Whais mean by Profit Before Tax(PBT)? How the comapnies are caliculated for paying of tax?

15 February 2009 if you do not debit your p&l account by provision for tax, what profit you are getting is called PBT.

You can do two things for more clarity. first read company final accounts from any financial accouting book. after that read profit and gains from business or profession from any income tax book.


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