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

Answer Posted / raghuma rerddy

incom tax a/c dr
to Income tax payable a/c

Is This Answer Correct ?    20 Yes 25 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

2730


is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing

1739


how to entry of hra

1700


What is money measurement concept

1677


what are the models of valuation of the company

1550






what is dividend? how do the use an accountancy?

1604


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1637


How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)

2292


what is ledger account

1618


how to do the recurring entries or steps to follow that

1513


as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes

3290


How do the standards assist the users of financial report?

1808


What is the use of final account?

1405


how can make configration related with electronic bank statment and how can i upload bank statment to system

1582


What is Budgeted capital ?

1533