help me
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2011
hey guys help me pls
Rs. 400 paid for Municipal Taxes appearing on Payment side of receipts and payments A/c
for the year ending 31st March, 2011
Adjustment:-
Municipal Taxes Rs. 400 per year have been paid upto 3oth June, 2011
plz tell me how to treat the above...........i m little bit confused... would there be any prepaid taxes during last year.
Rs. 400 paid for Municipal Taxes appearing on Payment side of receipts and payments A/c
for the year ending 31st March, 2011
Adjustment:-
Municipal Taxes Rs. 400 per year have been paid upto 3oth June, 2011
plz tell me how to treat the above...........i m little bit confused... would there be any prepaid taxes during last year.
20 April 2011
Entry at the time of payment
Munciple taxes A/c Dr
to Bank A/c
Transfer to Pre paid expen.
Prepaid Exp Dr
To Munciple Taxes
Munciple taxes A/c Dr
to Bank A/c
Transfer to Pre paid expen.
Prepaid Exp Dr
To Munciple Taxes
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