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
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- Query regarding TDS on EPFO Higher Pension Arrears*
- Annual return of gst limit
- Post Office RD Interest
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
