What entry should be passed for Interest accrued on late payment of sales tax
2 Replies
CA. MUKESH KUMAR
(CHARTERED ACCOUNTANT)
(183 Points)
Replied 26 December 2008
intrest on sales tax a/c Dr.
To sales tax a/c
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 26 December 2008
The entry willbe
Interest on Sale Tax A/c Dr.
To Sales Tax Payable A/c
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