Accounting entry

Actually you passed the original entry with Rs.450 less.  Hence now pass the same entry which you passed originally with Rs.450.  The narration should be (Entry passed earlier on____ date with Rs.450 less, now rectified).

I am in the process of uploading videos on youtube on ACCOUNTS for CPT & IPCC.  I am giving the link below for your valuable feedback:

www.youtube.com/user/JBSCLASSES?feature=mhee

pls suggest the advance tax payment entry

Advance tax A/c Dr,

To Bank A/c

(being advance tax paid)

THANKS NIKHIL SIR

Here while opening advance tax account you have to create it in duties and liabilities group.

THIS IS WHAT THE QUESTION AROSE IN MY MIND....

THANKS PAWAN MITTAL SIRJEE

Mr. Vardaan don't just write thank you but click on the tab thank user.

TO JAGBHUSAN SHARMA

CAN WE DO THE SAME BY DELETING THE ENTRY AND ENTERING THE SAME AS 17617 ?????

WHAT WOULD BE THE ADJUSTMENT ENTRY OF THE ADVANCE TAX PAID 

FOR EXAMPLE TOTAL ADVANCE TAX PAID = 600000/-

AND TAX LIABILITY = 1200000/-

DR ADVANCE TAX LIABILITY A/C RS. 6,00,000/-

CR BANK A/C ------------------------- RS. 6,00,000/-