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what is the journal entry for tax refund?
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Answer / ali azgar
Bank a/c dr
To Income tax a/c
(Being tax refund recd)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jansi
bank a/c dr
to income tax a/c
narrations:-
being tax receivable adjusted.
| Is This Answer Correct ? | 10 Yes | 10 No |
Answer / mallesha m h
Income Tax Refund A/c Dr
To Profit & Loss A/c
(if Tax Refund in Proprietorship)
Bank A/c Dr
To Income Tax Refund A/c
(if it Received the Refund)
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / murali koda
As Per Tax Authority its
Refund Dr
To Bank.. Cr
As per dealer\ applicant
Bank/Cash. Dr
To Tax Refund A/C Cr
| Is This Answer Correct ? | 1 Yes | 1 No |
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