what is enty of income tax paid by company.& what is group
of income tax paid.
Answers were Sorted based on User's Feedback
Answer / ram yadav
income tax ac dr.
to bank/cash a/c
(group of income tax paid is tax & duties)
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / guest
INCOME TAX A/C DR
TO BANK A/C CR
FIRST IT SHOULD BE A DEPOSIT(ASSET) AFTER THE NEXT YEAR IT
SHOULD BE TRANSFER TO CAPITAL A/C
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / mohit gupta
1. Income Tax A/c Dr.
To Provision for Income Tax A/c
2. Reserve & Surplus or Capital A/c Dr.
To Income Tax A/c
3. Provision for Income Tax A/c Dr.
To Bank/Cash (when paid)
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / ganesh
Provision for Income Tax A/c Dr
To Cash/Bank A/c
Is This Answer Correct ? | 2 Yes | 3 No |
Explain Sundry Debtors and Sundry Creditors.
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