Audit balance sheet final entries
This query is : Resolved
12 September 2013
Dear sir,
any one can help me what are the entry i have to pass in tally for final balance sheet entry i.e we paid Advance tax 3,50,00,000/- in F.Y 2012-13 and Tax payable is 1,79,00,000/- and TDS Recievable 4,70,000/-.
what entry i should pass for this transaction?
any one can help me what are the entry i have to pass in tally for final balance sheet entry i.e we paid Advance tax 3,50,00,000/- in F.Y 2012-13 and Tax payable is 1,79,00,000/- and TDS Recievable 4,70,000/-.
what entry i should pass for this transaction?
CA Mohit Bansal
(Expert)
12 September 2013
Dear Nagesh,
Entries,
Tax Payable A/c Dr 17900000
Refund receivable A/c Dr 17570000
To TDS receivable 470000
To Advance Tax 35000000
Entries,
Tax Payable A/c Dr 17900000
Refund receivable A/c Dr 17570000
To TDS receivable 470000
To Advance Tax 35000000
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