sathish


{ City } hyderabad
< Country > india
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Question { 14269 }

wats the journal entry for payament of Company's Income Tax &
under what head does income tax comes in TAlly


Answer

first create the income tax ledger under group as indirect expenses.
the journal entry is...

Debit: incometax xxxxxx
credit: cash/bank

in payment voucher

Is This Answer Correct ?    9 Yes 3 No