Should we take the taxes in to P& L A/c.

Answer Posted / sreeram

not only affecting to the profit, this we cannot claim as
an expens as per th Act.

Is This Answer Correct ?    8 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Capital reserve is - a) real account b) nominal account c) personal account d) none of them

566


Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?

6176


what is general accounting

1784


Mention what is bank reconciliation?

854


Tell us in accounting, how do you define premises?

793






Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-

1589


what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?

1677


What is project implementation?

721


How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

26062


The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

10696


Please advise how to calculate net asset....

1975


whats the sales tax slab and company's turnover professional tax slab

3024


What are the major components of country's trade account?

2595


What is your role in planning?

766


in Sensex and Nifty, what is the measure to take the points

1681