entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2010
Last year in p\l the provision for income was 12549/- and we paid it 12550/- due to this Rs. 1/- did stand in the trail balance, to prepare this year balance sheet how could I remove it(Rs. 1/-) tell me the journal entry
22 April 2010
WE USUALLY MAKE PROVISION AND PAY TAX IT NEED NOT BE ACCURATE. SET OFF ENTRY IS DONE AFTER COMPLETION OF ASSESSMENT TILL THE THE BALANCE REMAINS AS IT IS IN THE BALANCE SHEET. ONLY ADJUSTMENT WILL BE MADE IS DEDUCTING SHORT PROVISION OF RS 1 FROM YOUR PBT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Agriculture income or business income
- STCG FOR GOLD ETFs
- GST ON DAMAGED GOODS
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
