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what is the journal entry for tax refund?

Answers were Sorted based on User's Feedback



what is the journal entry for tax refund?..

Answer / rabi

send me correct answar

Is This Answer Correct ?    5 Yes 4 No

what is the journal entry for tax refund?..

Answer / ali azgar

Bank a/c dr
To Income tax a/c
(Being tax refund recd)

Is This Answer Correct ?    2 Yes 1 No

what is the journal entry for tax refund?..

Answer / ashsih

Income tax refund A/c Dr.
To TDS / Advance Tax

Is This Answer Correct ?    6 Yes 5 No

what is the journal entry for tax refund?..

Answer / jansi

bank a/c dr
to income tax a/c

narrations:-

being tax receivable adjusted.

Is This Answer Correct ?    10 Yes 10 No

what is the journal entry for tax refund?..

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

what is the journal entry for tax refund?..

Answer / vili

bank a/c Dr
To Proit & Loss a/c

Is This Answer Correct ?    1 Yes 1 No

what is the journal entry for tax refund?..

Answer / nikhil krishna

Bank Ac Dr....
To Income tax Ac

Is This Answer Correct ?    1 Yes 1 No

what is the journal entry for tax refund?..

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 the journal entry for tax refund?..

Answer / babloo

bank a/c dr.
To Tax department

Is This Answer Correct ?    1 Yes 1 No

what is the journal entry for tax refund?..

Answer / muhammad farhan

By Bank A/c Dr
To Income Tax Refund Cr

Is This Answer Correct ?    0 Yes 0 No

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