At 30 June 2009 Blue Ltd had Provision for Annual Leave of $5 000. At...
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Accounting
At 30 June 2009 Blue Ltd had Provision for Annual Leave of $5 000. At 30 June 2010 the Provision for Annual Leave account was $7 000. During the year, Blue Ltd had recognised an expense for Annual Leave of $4 000. For tax purposes, annual leave is allowed as a deduction when the leave is paid. At 30 June 2010, the tax base for the Provision for Annual Leave was:
Group of answer choices
5 000
2 000
Zero
7 000
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