entry

guest (student) (109 Points)

06 May 2008  

Q: 1)       provision for taxaion @ 20% is to be made on net profit.

2)            create a provision for depreciation @ 10% on current value of future.

value of furniture is Rs.200000

3) received interest on fixed deposite with S.B.I of Rs.17690. TDS is deducted @ 20%

please make the above accounting entries, with descripttion.