How to pass journal entry of it refund
This query is : Resolved
22 June 2013
SIR,
HOW TO PASS JOURNAL ENTRY FOR INCOME TAX REFUND IN CASE OF PARTNERSHIP FIRM
HOW TO PASS JOURNAL ENTRY FOR INCOME TAX REFUND IN CASE OF PARTNERSHIP FIRM
22 June 2013
its depend on how you show refund in balance sheet.
generally
Bank a.c Dr. 100
To Income tax 20XX-XX 100
(being income tax refund)
generally
Bank a.c Dr. 100
To Income tax 20XX-XX 100
(being income tax refund)
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