Accounts
This query is : Resolved
25 June 2011
Tax is Expenses or not if not then why do we show it dedit side of P/L A/C.
Guest
Guest
(Expert)
25 June 2011
Tax in not an Expense but it is an apportion of Profit.
The fact that, it is shown on Dr. side is just a matter of convenience,else a new A/c “Apportionment of Profit” needs to be created.
Tax in not an Expense but it is an apportion of Profit.
The fact that, it is shown on Dr. side is just a matter of convenience,else a new A/c “Apportionment of Profit” needs to be created.
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