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what is the journal entry for tax refund?
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Answer Posted / avijit hazra
for it refund
1)pass due entry
I.T REFUND -----DR.
ADVANCE TAX ----CR
2)PASS RECIVED ENTRY
BANK A/C-----DR.
I.T.REFUND---CR.
| Is This Answer Correct ? | 30 Yes | 5 No |
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