Jouranal entry for advance tax in brief and provision.
shweta bhatter
(CA)
(173 Points)
Replied 11 March 2016
1. when you pay advance tax
advance tax a/c....dr (asset)
to bank a/c
2. when you adjust advance tax from provisions
bank a/c....dr
provision for tax a/c.....dr
to advance tax a/c
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