Answer Posted / k. srinivasa rao

jouna entry should be passed in books only when the create
of provision for taxation for the accounting year not for
refund received from income tax department. for the above
we have to pass a receipt entry i.e

Journal entry :
provision for taxation a/c. (Current liability)

To Advance income tax
To TDS Receivable



balance of excess paid

bank a/c. dr

to provision for taxation

Hello to every body ... Its not its not a interview question In accounting field can we make Money ?

1459

---

What is the GDP growth?

1624

---

Short Answer on ______Budget

1531

---

What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

1773

---

what is an advance against expenses

2828

---

---

Can you explain about the distinction of Book-Keeping and Accounting

1517

---

how to entery pass in tally when items damage(items insured)and claim to insurance co.

2016

---

What are events occuring after the balancesheet date?

1727

---

What is the content of purchase order? n content of voucher? what is the main use of voucher.

1519

---

how to solved the shares qusionas ?

1600

---

Purchase book is a ----------journal

1693

---

what is the good prasentation on interview

1728

---

Mostly what type of manufactures are coming under TDS and basic rate for each category

1513

---

difference between office expense and miscelleanous expense with some examples

1572

---

what is the procedure of interview question in genpact

1767

---