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(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 .
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CA Pramod Jain

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CA Pramod Jain (Expert)
11 January 2010 trf bal rs.140000/- to either general reserve or profit and loss account.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 January 2010 Profit & loss a/c or Retained earnings




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