Entry for profession tax paid for 5 years

A/c entries 569 views 1 replies

I have paid profession tax for 5 years for F.Y.2013 to 2018 from Pvt Ltd. account of Rs.10000. How should i make entries for this transaction?

Replies (1)

Professional Tax Exp                      Dr

Professional Tax Prepaid Exp          Dr

     To Cash / Bank 

           


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