what is the journal entry for tax refund?
Answers were Sorted based on User's Feedback
Answer / ali azgar
Bank a/c dr
To Income tax a/c
(Being tax refund recd)
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jansi
bank a/c dr
to income tax a/c
narrations:-
being tax receivable adjusted.
| Is This Answer Correct ? | 10 Yes | 10 No |
Answer / mallesha m h
Income Tax Refund A/c Dr
To Profit & Loss A/c
(if Tax Refund in Proprietorship)
Bank A/c Dr
To Income Tax Refund A/c
(if it Received the Refund)
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / murali koda
As Per Tax Authority its
Refund Dr
To Bank.. Cr
As per dealer\ applicant
Bank/Cash. Dr
To Tax Refund A/C Cr
| Is This Answer Correct ? | 1 Yes | 1 No |
what is difference between public sector and nationalised bank?
7 Answers College School Exams Tests, Magnum,
What is Depreciation and how is it different from amortization
5 Answers IBM, Thomson Reuters,
describe the most complex challenge that you have faced and how you managed it
EXPAND______________RITES
what is the main link between the income statement and the balance sheet?
why balance sheet should tally
What is the difference betwn "Inventory" and "Stock".
explain purchase cycle?
what is cnc machine hour rate? how it is calculated?
what is meant by fixed deposit?
what is the use of accounting standards
What is the full form of EDLI?(related to EPF...)
4 Answers AL Paper House, GIL,