jpurnal entry for provision for taxation? mention clearly?

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jpurnal entry for provision for taxation? mention clearly?..

Answer / bhupender janmejai

Taxation acc. DR
to provision for taxation acc. CR

At the time of payment of tax..

Provision for taxation acc. DR
to cash or bank acc. CR

Is This Answer Correct ?    22 Yes 3 No

jpurnal entry for provision for taxation? mention clearly?..

Answer / madhulika2011

1)
P & L A/C...DR.
TO PROVISION FOR TAXATION A/C

2)
PROVISION FOR TAXATION A/C...DR.
TO TAX PAYABLE A/C

3)
TAX PAYABLE A/C...DR.
TO BANK OR CASH A/C

Is This Answer Correct ?    1 Yes 0 No

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