Challenge yourself even if you are not a CPA, accountant, bookkeeper, lawyer or consultant. This is a test of your understanding of a simple instruction shown in the Schedule 10, BIR Form No. 1702-MX.
Pursuant to the Schedule 10, BIR Form No. 1702-MX (see the picture below, which shall be reconciled?
(a) Financial accounting to Taxable income
(b) Managerial accounting to Taxable income
(c) Financial accounting to Managerial income
(d) Tax accounting to Financial income
(e) Non-compliant expenses/income to the Tax Code
PS: THIS OFFER IS UNTIL SEPTEMBER 10, 2017 5PM.