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Question - An organisation owes £300,000 tax at 1.7.X4 (july 1, 2014) and £450,000 at 30.6.X5. (JUNE 30, 2015) Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually paid in the year to 30.6.X5?
Accounting Basics, Accounting
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