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.
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
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