Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS THE ENTRY FOR BOOKING PROVISION...? IS IT
COMPULSARY FOR BOOKING PROVSION IN ACCOUNTING?
- 4 Answers
- 18691 Views
- DLF, I also Faced
- E-Mail Answers
Answer Posted / motilal verma
It is compulsory for booking for provision because without
provision you can not make a balence sheet with 100 %
Accurate. suppose you are closing financial year on 31
march and up to 31 March you can not book some exp like
income tax(based on calculation of net profit) , tel bill
(March) , water bill(March).
Income tax A/c ........Dr.
water Exp A/c..........Dr
To Prov for Income tax.
To Prov for water Exp.
hence it is compulsory as per company and income tax act.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
In South Africa, the value added tax is administered by?
what is the nature of profit and loss approprition account.which entity prepare this.
What is the difference between consigner and consignee?
What and How to compute an unsecured balances?
export sales contract and domestic sales contract? india's trade in commercial services?
What are the characteristic features of financial accounting?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
What is customer account?
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
What Is Differ tax,
What is the revenue recognition principle?
What are the four classifications of bad and doubtful debts as per the context of the bank?
How the Entry passed for Loss of Payment
1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
