Journal Entry
This query is : Resolved
AMIT KUMAR ROY
(Querist)
19 July 2008
Sir,
in my privious query i asked about the journal entry of provision for current year when i will make the provision for fbt and taxes
in my privious query i asked about the journal entry of provision for current year when i will make the provision for fbt and taxes
19 July 2008
Profit and Loss App A/c Dr
To Provision for I.Tax
Profit and Loss App A/c Dr
To Provision for FBT
for reversal of provision of AY 07-08
Provision for I.tax(AY07-08)Dr
To Income tax paid/TDS paid
Shortfal or surplus left in provision a/c will be transferred to P & L App A/c
To Provision for I.Tax
Profit and Loss App A/c Dr
To Provision for FBT
for reversal of provision of AY 07-08
Provision for I.tax(AY07-08)Dr
To Income tax paid/TDS paid
Shortfal or surplus left in provision a/c will be transferred to P & L App A/c
Ram Avtar Singh
(Expert)
19 July 2008
You will make the provision for fbt and taxes after finalize of Balance Sheet
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