Accounting entry on assessement order
This query is : Resolved
Ankit Kr. Sharma
(Querist)
12 September 2011
Please any one give the answer of my queries regarding entries of assessement order
provision on fbt (fy 08-09) =4749/-
Self Asse. Fbt paid(fy 08-09) =5273/-
Above accounts are appearing in b/s as follow:
provision on fbt (fy 08-09) : liabilities
Self Asse. Fbt paid(fy 08-09 : Assets
As per Assessemnt order there is no demand or refund amount.So,what is the entry for FY 2010-11 when order recd.
provision on fbt (fy 08-09) =4749/-
Self Asse. Fbt paid(fy 08-09) =5273/-
Above accounts are appearing in b/s as follow:
provision on fbt (fy 08-09) : liabilities
Self Asse. Fbt paid(fy 08-09 : Assets
As per Assessemnt order there is no demand or refund amount.So,what is the entry for FY 2010-11 when order recd.
CA Pushpendra Gaur
(Expert)
26 September 2011
FBT expenses A/c DR 5273
To Prov for FBT 4749
To P/L A/c 524
To Prov for FBT 4749
To P/L A/c 524
Ankit Kr. Sharma
(Querist)
17 November 2011
THANK YOU VERY MUCH I DID THE SAME IN P/L(BELOW THE LINE)
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