Two Accounting Entries Are Required for Income Tax,one to Provide

Multiple Choice

Two accounting entries are required for income tax,one to provide for the tax and one to pay the tax.If S Ltd wishes to provide for estimated income tax expense on 30 June 2012 of $146000,the correct entry is:

A) Debit income tax expense $146 000; credit current tax liability $146 000
B) Debit current tax liability $146 000; credit income tax expense $146 000
C) Debit income tax expense $146 000; credit retained earnings $146 000
D) Debit income tax expense $146 000; credit bank $146 000