At 31 December 20X0, FB recognised a current tax liability of $50,000. This was settled in full on 1

At 31 December 20X0, FB recognised a current tax liability of $50,000. This was settled in full on 1 October 20X1 for $59,000. What is the accounting entry required by FB on 1 October 20X1?

A.Dr Cash $59,000; Cr Current tax liability $50,000, Cr Profit or loss $9,000

B.Dr Current tax liability $50,000, Dr Profit or loss $9,000; Cr Cash $59,000

C.Dr Current tax expense $59,000; Cr Cash $59,000

D.Dr Cash $59,000; Cr Current tax expense $59,000

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