'Assessable profit' differs from 'Accounting profit' because of:
ADifferent fiscal years
BTax adjustments — disallowing certain expenses, adding back depreciation, etc.CORRECT
CCurrency differences
DAudit fees
CITNCompany Taxation
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Why the answer is B, and why the others tempt you.
Assessable profit = accounting profit ± tax adjustments (add back disallowed expenses & depreciation; deduct non-taxable income).
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