Provision for income tax

This query is : Resolved 

03 August 2019 Sir,

what entry should be in tally for provision of income tax in proprietor firm

03 August 2019 INCOME TAX EXP A/C DR, (INDIRECT EXP.)
TO PROVISION FOR INCOME TAX ....A/C CR. (CURRENT LIABILITIES)

03 August 2019 Sir,
Can we debit to Capital account instead of direct exp.
Please advise




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



Unanswered Queries