Assess advance tax Rs:20,000 income tax paid Dt:09-03-2020 in f.y.19-20.
balance self asst tax paid Rs:8570/- income tax paid Dt:10-08-2020 in f y.19-20 at the time of return filed.
question:
Assess How much amount accounting entries passed in f.y.19-20and 2020-2021 in f.y.
Advance tax self assessed and final tax paid.
accounting entries
1. create provision.
2. dr. prov.
cr. bank.
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