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What will be the journal entry of provision for income tax
in the financial year .
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Answer / manish vatsaya
Provision for Income tax(P&L)-------------------Dr.
To, Provision for incometax(Liablities)
| Is This Answer Correct ? | 7 Yes | 14 No |
Answer / kamal
P&L a/c .......Dr.
To Cash a/c...Cr.
(Being Income tax paid over income)
| Is This Answer Correct ? | 20 Yes | 87 No |
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