entries when assessment cloaed
Bhaskar Amancharla (3 Points)
02 July 2017
can any one help what are entries to be posted when assessment closed
4 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8742 Points)
Replied 02 July 2017
For whome you are asking Proprietorship, Individual, Partnership, Company
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8742 Points)
Replied 02 July 2017
Kindly follow the audited BS
Normallythe entry are
1) Profit should be transferred to R&S
2) DTA/DTL entry
3) MAT entry if any
4) Depreciation
5) Book Profit/Loss on sale of asset
6) Entry for taxes i.e Prov. for tax, Advance Tax, TDS
7) some other entry depending on your company
Normallythe entry are
1) Profit should be transferred to R&S
2) DTA/DTL entry
3) MAT entry if any
4) Depreciation
5) Book Profit/Loss on sale of asset
6) Entry for taxes i.e Prov. for tax, Advance Tax, TDS
7) some other entry depending on your company
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