Sales tax paid..
This query is : Resolved
26 April 2014
what is the accounting treatment of sales tax paid...pls explain with journal entry.....whether it is allowed as deduction for income tax calculation purpose...thnx in adv
26 April 2014
For payment :
sales Tax a/c ...dr
to BANK a/c
it is allowed as deduction under income tax.
sales Tax a/c ...dr
to BANK a/c
it is allowed as deduction under income tax.
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