E-commerce
Corporate Income Tax Provision
Accruing the annual income tax on the e-commerce company's taxable profit.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Income Tax Expense | Expense (+) | 18,000.00 | - |
| Income Tax Payable (ISTD) | Liability (+) | - | 18,000.00 |
💡 Accountant's Note
Income tax is accrued at year-end based on taxable profit. Taxable income may differ from accounting profit due to non-deductible expenses and timing differences.
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