Finalizaion of accounts
This query is : Resolved
19 July 2022
I want to kbow about finalization accouts. Which entry will be done .
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.
Please explain in detailed .
Then how to count tax . How to do entry of tax in finalisation entry.
Thaank you.
19 July 2022
Refer:: 1. https://taxguru.in/chartered-accountant/steps-time-finalization-books-accounts.html
2. https://www.vedantu.com/commerce/finalization-of-accounts
2. https://www.vedantu.com/commerce/finalization-of-accounts
19 July 2022
But i want to know about tax on profit, its entry for any firm or company how to calcutae and it entry on profitloss and balance sheet .calculation of tax and after deposit of tax still any other pending the account entry pending or not.
Please suggest me.
Please suggest me.
20 July 2022
Make 'Provision for Tax' acc. before finalization of P&L acc. Whenever any tax need to be paid, its credited to the provision for tax acc. No change occurs in P&L acc.
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
