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What will be journal entry of provision for income tax in
current year and Adjustment entry in next year
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Answer Posted / aj
At the time of providing provision for tax the entry is(current year)
dr-tax a/c
cr-provision for tax a/c
at the time of payment (next year)
dr--provision for tax ac
cr-bank a/c
| Is This Answer Correct ? | 13 Yes | 7 No |
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