All provisions at the time of finilisation of balance sheet

Dear Ram

it depend on your business activity.

all liability realated to current year should be be provided in that only even though it paid in next year.

for exp.

telephone exp for march paid in aril.

MSEB

Audit fee

duties and taxes

salary & wages

like that.

CA shriniwas Khadloya

Sir Meaning of MSEB ?

Thanks

Maharashtra Electrical state Board i.e for electricity bill

CA Shriniwas Khadloya

What is the role of deffered tax in Balance Sheet.

Thanks

Deffered Tax is calculated for Timing diff of claiming income or exp as per income tax act and as per company act.

as per Accounting policy of marcantile accounting, account should be match as per there income and exp.

so deffered tax is calculated.