Vadane discovers a supplier invoice of 60,000 relating to 2023 that was never recognised, while 2024 is the earliest period presented. The expense will be deductible when paid, at a rate of 30 %, and the deferred tax asset is recoverable (case data). Record the entries correcting the opening balances.
- Omitted trade payable
- 60,000
- Tax rate
- 30 %