journal entry in the books of firm for inc. tax liability ?
This query is : Resolved
16 July 2011
m/s. ab & co. is a partnership firm. psr is 1:1.
income tax libility of firm for f.y.10-11 comes to Rs.100000/-. it is paid on 16/07/2011.
what will be the journal entry in the books of firm on 31/03/2011 & 16/07/2011.
urgently waiting for ur reply.
abhipcc@rediffmail.com
income tax libility of firm for f.y.10-11 comes to Rs.100000/-. it is paid on 16/07/2011.
what will be the journal entry in the books of firm on 31/03/2011 & 16/07/2011.
urgently waiting for ur reply.
abhipcc@rediffmail.com
16 July 2011
31-03-2011
income tax provision a/c dr
to income tax payable
16-07-2011
income tax payable a/c dr
to cash / bank
income tax provision a/c dr
to income tax payable
16-07-2011
income tax payable a/c dr
to cash / bank
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- HOUSING LOAN ISSUE
- ITR 4 and Bank transactions
- RATE AND HSN CODE
- RELATED TO TRIBUNAL APPEAL
- LIC maturity claim whether taxable
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
