what is the journal entry for tax refund?
- 28 Answers
- 137849 Views
- Firm, HSBC, Rahman Industries, Taj Group, I also Faced
- E-Mail Answers
Answer Posted / mohit
if the tax is to be refunded back then the entry will be
Income tax (Party Name)A/C Dr
to Bank A/c
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
What are the accounting conventions and Practices?
what are the important steps to take during the conversion of an accounting system.
Define capital
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what do you meant auction? what is F & o segment?
why would you like to opt nbp
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
what is Journal Entries?
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
explain sales/purchase accounting?
---------is the main or principle book of accounts
Pls Explain Accounting Standered 1,3,11,29
What are the benefits ofparticipation in a depository?
what is internal audit
What is cash clearing account
