Tax return (1) :

 Tax return :

Item	L.E
Net income as in the income statement (ANP)	120,000
+
1-Not recorded Sales during year             increase in revenues → \  increase in ANP	25000
2- Sales by commission-agent not recorded             increase in revenues → \  increase in ANP	20,000
3-Sales commission of the agent on goods sold: 20,000 x 5%             increase in expense  → \  decrease in ANP	(1,000)
4- Sales returns related to the following year            decrease in expenses → \  increase in ANP	5,000
5- Difference in the value of sales returns             decrease in expenses → \  increase in ANP	100
6-Value of withdrawals which were not recorded             increase in revenues → \  increase in ANP	4,000
Adjusted Net Profit	173,100

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