In the Balance sheet of a company you see the following
details,
Liabilities: Provision for tax - AY 2008-09 RS 200000
AY 2009-10 RS 300000
AY 2010-11 RS 200000
Assets: Advance Tax- AY 2008-09 RS 150000
AY 2009-10 RS 300000
AY 2010-11 RS 200000
On 15-03-2011, the assessment order for AY2008-09 was
received and the final tax liability was stated to be RS
250000. Pass the journal entry for the closing of the
relevant accounts in the books for the AY 2008-09.
- 0 Answers
- 1436 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
what is cost taxation
What is the difference between fund flow and cash flow for a company?
Can anybody give the rates of TDS for daily purchased things like food,metal,wine,electrical item,civil items etc.
how to mix calculation VAT & CST in account where charged VAT & CST in bill
What are the deductions under salary head?
what is vat rates in andhra pradesh
7 Answers Astrotech, Narayana,
If i want to change a proprietor concern yo a partnership concern. do i have to pay full tax on every product i have in stock or just simple make a partnership deed and apply a new pan card and register in sale tax department ?
what is deemed assessee?
what is cess?
what are the advantages of TDS?
We paid advance rent of office for next 6 months, when should we pay the TDS into bank, is it will monthly or it will be in advance?
How we calculate TDS on Salary, They are taken net salary either Gross salary
Audit 
