21 March 2015
dear sir suppose s.tax of a month is 75286/- s.tax paid 76214/- fine 928/ (76214-75286= 928)
then entry (in payment v.)
s.tax a/c ..dr(76214)
bank a/c ....cr(76214)
&
in journal entry
Fine a/c ..dr(928)
s.taxa/c...cr(928)
is this correct .
CAclubindia
