CA Day celebration 2024 Easy Office
LCI Learning

grouping of ledger

This query is : Resolved 

09 January 2009 sir
please say me under what group should i prepair ledger a/c income tax in a partnership firm (contains 4 partners)and should the income tax be adjusted in their capital ac

09 January 2009 it will debited to partners' capital account in their profit sharing ratio.

09 January 2009 You Can also Create Provision for Income tax & TAX Paid(Advance tax,TDS,Self Assessment)
Profit After Tax Can be Transfered to Partners Capital as per their Deed




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query