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Entry of advance tax

Answers were Sorted based on User's Feedback



Entry of advance tax..

Answer / sudheer

Entry for Advance Tax:

Advance tax Account Dr
To Bank Account

Is This Answer Correct ?    70 Yes 6 No

Entry of advance tax..

Answer / shoban

ADVANCE TAX A/C DR

TO BANK A/C

BEEING PAID ADVANCE TAX

Is This Answer Correct ?    47 Yes 4 No

Entry of advance tax..

Answer / ch.sandeep kumar

1) Advance tax a/c.......Dr
To Advance tax payable a/c
(Being advance tax payable)

2) Advance tax payable a/c...Dr
To Bank a/c
(Being advance tax paid)

Is This Answer Correct ?    6 Yes 1 No

Entry of advance tax..

Answer / trilochan singha

advance tax journal entry

Is This Answer Correct ?    5 Yes 2 No

Entry of advance tax..

Answer / kishore chandra bisoi

Advance tax a/c dr.
To advance tax payble a/c.

Is This Answer Correct ?    2 Yes 2 No

Entry of advance tax..

Answer / furqan

Advance tax
to receivable account

Is This Answer Correct ?    1 Yes 3 No

Entry of advance tax..

Answer / riaz sain

Debtor Account 100000 DB
Sale 98040 CR
Advance Tax 1960 CR
********************************************************

Is This Answer Correct ?    1 Yes 4 No

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