
Sarah F. answered 04/21/19
Tutor
New to Wyzant
Lively Accounting Tutor
Income tax is an expense when record it, but also a Liability if you have not paid it yet.
Income Tax Expense X
Income Tax Payable X
Sarah F. answered 04/21/19
Lively Accounting Tutor
Income tax is an expense when record it, but also a Liability if you have not paid it yet.
Income Tax Expense X
Income Tax Payable X
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