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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2012 can anyone plz tell me,
can we show all the given below accounting entries through capital a/c of the proprietor?
tally entries:-
1) TDS receivable Dr---( under cap a/c)
to s.debtor
2) advance tax Dr---( under cap a/c)
to bank a/c
3) self ass tax Dr---( under cap a/c)
to bank
Also, how to show provision for current tax a/c entries in the books of a proprietor???

thank u

Amol S Joglekar

Amol S Joglekar (Expert)
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24 July 2012 Preferably NO. But if you insist... change the group of TDS receivable, Advance Tax and Self assessment tax to CAPITAL ACCOUNT. If you wish, you can create sub groups under capital account. This will depend upon the volume of entries.

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