Hi, Is it possible to modify income statement as if Profit before tax Less: Income tax expense (Corporate Tax) Profit after tax Please tell us how to achieve this and if its possible give us an example TDL Thank you
Sorry for the late, Well what I wanted was Gross Profit Less: Operating Expenses Equals to Net profit before tax (Default net profit which goes to balance sheet) Less: Income tax expense (Corporate Tax or Provision for tax say 30% of profit before tax which would be manually posted by a journal, "Income tax expense Dr. Provision for Income tax Cr." ) Net Profit after tax (New net profit which goes to balance sheet, Profit & Loss A/C) I think you wound understand now Thanks
