Hi, I needed some advice on how to account for CT Reallocations as a result of Credit Interest received from paying CT early in previous years.
CT due last year: 1,669.36
Total to pay: 1,624.57
The balance sheet for this year's accounts is off by this 44.79 amount because 1624.57 had been paid last year instead of 1669.36... how do I factor this in to get the balance sheet to match?
Many thanks for any help in advance.