A company agreement requires Jylbix to pay its staff 3 % of its 2025 profit. That profit, finalised in February 2026 before the accounts are authorised, amounts to 2,400,000; an estimate of 50,000 had been recognised at the reporting date. What additional amount should be recognised in 2025?
- Profit used as the basis
- 2,400,000
- Profit-sharing rate
- 3 %
- Amount estimated at the reporting date
- 50,000