Interested to Buy Any Domain ? << Click Here >> for more details...
What will be the journal entry of provision for income tax
in the financial year .
- 22 Answers
- 42426 Views
- Genpact, VSR Ventures, YEA, I also Faced
- E-Mail Answers
Answer Posted / kumardeepak.009@gmail.com
This is the right Answer
Profit and loss account Dr
To Provision for income tax
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is leverage n detail and tpoes of leverage with iagram?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Is WCT paid to be considered as overhead during costing in construction firm?
what is automatic payment in sap fico
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
Three steps for correction in BRS?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Expand BFSI
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
What are events occuring after the balancesheet date?
which is the combine entry in ERP?
What si the differance between REVENUE and PROFIT?
Mostly what type of manufactures are coming under TDS and basic rate for each category
what are the questions commomly asked in reuter's interview.?
