Cash flow query

Harish Kumar (IPCC) (475 Points)

04 August 2014  

Liabilities

Asssets

Provision for Tax                      Advance tax

2001       65,000                          2001                60,000

2002       72,000                         2002 80,000

Adjustment:-

Tax for the year 2001 was settled at Rs. 40,000

Answer:- Provision for tax 72,000 & Tax Paid Rs. (80,000)

Please solve it in detail.................With A/C

Thankyou