profit
This query is : Resolved
Rajesh Rawat
(Querist)
11 January 2010
suppose pvt ltd co. earn profit 2,00,000
then prov. for tax 30% 60000. bal 140000 which a/c transfer.
net profit dr. 2,00,000
prov. for tax Cr. 60000
?........? Cr-----
please clerify me .
then prov. for tax 30% 60000. bal 140000 which a/c transfer.
net profit dr. 2,00,000
prov. for tax Cr. 60000
?........? Cr-----
please clerify me .
CA Pramod Jain
(Expert)
11 January 2010
trf bal rs.140000/- to either general reserve or profit and loss account.
CMA Ramesh Krishnan
(Expert)
11 January 2010
Profit & loss a/c or Retained earnings
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