suppose , I am preparing my BOA of F.Y.2019- 2020 then of which year I should make entry of provision of taxation??? F.y. 2018-2019???
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Quick Summary
This discussion addresses the correct financial year for recording the provision for taxation when preparing a Balance Sheet (BOA) for FY 2019-2020. The user is seeking clarification on whether the tax provision entry should be made for FY 2018-2019 or FY 2019-2020.