grouping of ledger
This query is : Resolved
09 January 2009
sir
please say me under what group should i prepair ledger a/c income tax in a partnership firm (contains 4 partners)and should the income tax be adjusted in their capital ac
please say me under what group should i prepair ledger a/c income tax in a partnership firm (contains 4 partners)and should the income tax be adjusted in their capital ac
09 January 2009
it will debited to partners' capital account in their profit sharing ratio.
09 January 2009
You Can also Create Provision for Income tax & TAX Paid(Advance tax,TDS,Self Assessment)
Profit After Tax Can be Transfered to Partners Capital as per their Deed
Profit After Tax Can be Transfered to Partners Capital as per their Deed
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