COMPANY ADVANCE TAX PAYMENT
This query is : Resolved
Guest
Guest
(Querist)
30 June 2010
A COMPANY FOLLOWING ACCRUAL SYSTEM OF ACCOUNTING,THEN WHAT ENTRY IT SHOULD PASS IN IT'S BOOK?IF IT IS FOLLOWING CASH SYSTEM THEN WHAT ENTRY SHOULD BE PASSED?
CMA Ramesh Krishnan
(Expert)
30 June 2010
In both the cases you need to pass the entry after payment made for Advance tax
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