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Journal entry

Diya Bansal (7 Points)

07 September 2020

income tax paid

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2 Replies

Harshit Jain (132 Points)
Replied 08 September 2020

Provision for Tax A/c. Dr
To Bank A/c

P/L A/c. Dr
To Provision for Income tax

prasad Nilugal (3897 Points)
Replied 08 September 2020

Income tax A/c Dr
To provision for Income Tax A/c Cr

( provision for Income Tax )

when we pay Income Tax after assesment

Provision for Income Tax. A/c Dr
To Bank A / c Cr

( payment of Income Tax )

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