Journal entry of Provision for taxation ON 31ST MARCH
This query is : Resolved
12 June 2022
Please make journal entry of provision for taxation on 31st march.
and also make journal entry of short and excess provision of provision for taxation.
and also make journal entry of short and excess provision of provision for taxation.
22 June 2022
Provision for tax on 31st March
Profit and loss account Debit
Provision for tax Credit
Short provision
P &L debit
Provision for tax
This is to be shown as separate line item as tax relating earlier year
Excess provision
Provision for tax debit
Profit and loss account credit
This is to be shown as separate line item as tax relating earlier year
Read more at: https://www.caclubindia.com/experts/journal-entry-of-provision-for-taxation-on-31st-march-2873214.asp
Profit and loss account Debit
Provision for tax Credit
Short provision
P &L debit
Provision for tax
This is to be shown as separate line item as tax relating earlier year
Excess provision
Provision for tax debit
Profit and loss account credit
This is to be shown as separate line item as tax relating earlier year
Read more at: https://www.caclubindia.com/experts/journal-entry-of-provision-for-taxation-on-31st-march-2873214.asp
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