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Journal entry
income tax paid
Replies (2)
Provision for Tax A/c. Dr
To Bank A/c
P/L A/c. Dr
To Provision for Income tax
To Bank A/c
P/L A/c. Dr
To Provision for Income tax
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 )
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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