doubt in respect of journal entry of prov.for tax..
1.tax expense Dr.
To provision for tax
or,
2. P&L a/c.......... Dr.
To Prov. for Tax
please solve this query...
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provision for tax
Replies (3)
Tax expense A/c Dr
To provision for Tax Cr
(Being provision for tax )
tax paid then......
provision for taxation a/c dr.
to cash a/c
if provision made in the year .....
then such entry shall be pass
profit /loss. a/c. dr.
to provision for taxation a/c
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