Mat
This query is : Resolved
04 October 2013
Dear Sir, i want know what will be the treatment for mat credit in books of accounts and wht will be the accounting entry for mat credit which is to be carried forward in subsequent years
04 October 2013
while first time creating mat credit.
Mat Credit (Assest ) a/c dr.
To Provision for income Tax
Mat Credit (Assest ) a/c dr.
To Provision for income Tax
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