fbt tratement
This query is : Resolved
Aneesh Nair
(Querist)
15 July 2008
FBT it is grouping under duties and taxes as FBT paid. when we pay fbt, it will go fbt paid to bank and enty will come debit side of FBT. How credit enty will come in FBT account. ijust want to know that if we paid as on account then where will grupe wheather it will go into FBT (Duties) or it will go in FBT in provision
CA. Sahendra Jaiswar
(Expert)
15 July 2008
See, if u have paid FBT as on account, then it will go to FBT(Duties) and the same will be transferred to Profit & Loss account by crediting the FBT account.
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