The company made a provision for tax of Rs 30000 on 31 March

It actually paid tax of 30000 on 30 Sept

Pass Entries

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  1. Accounts and Finance
  2. Step 3 Passing Book Closure Entries

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.