How to make Journal entry of SAT and Advance tax Paid
This query is : Resolved
09 October 2022
How to Make journal entry in the case of
Self Assessment Tax paid,
Advance tax paid
In the case of Proprietorship Business,
HUF and Partnership firm.
Self Assessment Tax paid,
Advance tax paid
In the case of Proprietorship Business,
HUF and Partnership firm.
12 October 2022
For Individuals & HUF the taxes paid are directly debited to capital acc; while for Partnership firm it is debited to 'Provision for taxes' acc.
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