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If Advance deposited Rs.200000/-, TDS diposited Rs.100000/-
& Provision for Income Tax is Rs.250000/- but It department
raise the Assessment Tax is Rs.350000/-. What will be the
journal entries?
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Answer Posted / gyanendra saxena
PROVISION FOR IT DR 2500000
ASSESSMENT TAX DR 1000000
TO ADVANCE IT CR 2000000
TO TDS CR 1000000
TO INCOME TAX PAYABLE CR 500000
| Is This Answer Correct ? | 19 Yes | 2 No |
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