What will be journal entry of provision for income tax in
current year and Adjustment entry in next year
Answer Posted / manish
Can we make entry like this in case of additional demand raised:
Additional income tax demand (ass yr)dr
To. Bank/cash cr
| Is This Answer Correct ? | 10 Yes | 4 No |
Post New Answer View All Answers
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
What is the entry for provision?
Why you want to change???
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
Contrast bookkeeping and accounting
what is consumer product accoutning?
In which term & condition excise invoice raises & for what excise invoice raise?
What are the effects when intangibles and tangible assests decrease
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
what are doucement required under registration of properity firm. give the answer breif
What are the uses of journal in accounting?
Tell me what does the investment of personal assets by the owner will do?
Tell me what is the master account?