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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
