15 September 2010
SUPPOSE THERE IS OPENING BAL IN DTL A/C IS 1000/- AND CURRENT YEAR TIMING DIFFERENCE IS 10000/-(DUE TO MORE DEPRECIATON IN TAX AND LESS DEPRECIATON AS PER CO'S ACT)AND TAX RATE IS 30.09% AS THE ANOTHER DTL WILL HAVE TO BE CREATED AS 10000*30.09%= 3090. SO MY QUERY IS IN CURRENT YEAR WHAT WILL BE THE AMT OF DTL IN JOURNAL ENTRY AS THE ENTRY WILL BE P & L A/C DR. TO DTL A/C I WANT TO KNOW THE THE AMT IN THE ABOVE JOURNAL ENTRY PLS REPLY SOON.
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