Sir,
Please suggest below entry in books of account is correct or wrong in proprietor firm
Provision for income tax (Capital Ac)
Provision for income tax (current liability)
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Provision for income tax
Replies (4)
Provision for Income tax is shown under
Current liabilities
Current liabilities
Provision for Income tax is shown under
Current Liabilities and Provision.
Current Liabilities and Provision.
Kindly elaborate for what u want to pass entry.
No need to make such entry as it is useless.
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