Advance tax
This query is : Resolved
11 January 2012
In the accounting advance tax how to taken
11 January 2012
Debit the advance tax amount and credit the bank or cash account.
11 January 2012
it is current asset or expendicher
11 January 2012
That depends on you.... It cannot be expenditure as it cannot be debited in P & L A/c.... So either debit the capital A/c or show it in Balance sheet...
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