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Querist : Anonymous

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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...
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 May 2010 AGREE WITH RAMESH JI.
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