Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2010
Dear all,
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Thanks in advance...
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Thanks in advance...
21 May 2010
You need to create Income tax account under Expenses and credit Provision for Expenses a/c. we cannot debit directly to P&L a/c
22 May 2010
AGREE WITH RAMESH JI.
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