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March closing entry
During the year jitni bhi fine or interest ki entry hai jo ki tax k late payment ki vajah se hui ho uski closing entry kya hogi.
Replies (3)
transfer it profit and loss account
Sir ek video me ye bataya gaya tha ki Capital account main transfer karna padega
as per accounting principle all expenses shud be routed through profit and loss except drawings.
while computing taxable income all fines interest and penalty are disallowed if debited to profit and loss.
while computing taxable income all fines interest and penalty are disallowed if debited to profit and loss.
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