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What will be the journal entry of provision for income tax
in the financial year .

Question Posted / mayank

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What will be the journal entry of provision for income tax in the financial year ...

Answer / manish vatsaya

Provision for Income tax(P&L)-------------------Dr.

To, Provision for incometax(Liablities)

Is This Answer Correct ?    7 Yes 14 No

What will be the journal entry of provision for income tax in the financial year ...

Answer / kamal

P&L a/c .......Dr.
To Cash a/c...Cr.
(Being Income tax paid over income)

Is This Answer Correct ?    20 Yes 87 No

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