tax adjustment in next year(a)..accounting entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2011
provison for tax CR 13000
Advance tax DR 9000
tax liabilities 19000
is it correct?
provison for tax DR 13000
Income tax Dr 6000
Advance tax CR 9000
bank A/c Cr 10000
Profit and Loss A/c DR 6000
income tax A/C Cr 6000
Advance tax DR 9000
tax liabilities 19000
is it correct?
provison for tax DR 13000
Income tax Dr 6000
Advance tax CR 9000
bank A/c Cr 10000
Profit and Loss A/c DR 6000
income tax A/C Cr 6000
17 July 2011
yes. your entries are correct
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