Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What will be the journal entry of provision for income tax
in the financial year .

Answer Posted / ravinder attri

Income Tax (Exp.) A/c Dr.

To Provision for Income Tax

(But we will add Income tax (exp.) A/c in Profit while
computing Income tax on profit.)

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is status report? and flow report?

2026


what are the difference between banking institutions and financial institutions?

2067


Anyone whose sbi interview has been over , please share all the question asked by them

1918


How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

2319


Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2543


A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1814


outstanding expenses, prepaid or unexpired expenses

3954


Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?

1988


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

2200


hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

2472


why you want to join the banking and finance industry?

4628


is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

2177


Expand-------NBTA

2063


How do you manage the sales account in tally

1997


what is mean by traditional accounting ?

2379