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

It actually paid tax of 30000 on 30 Sept

Pass Entries

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

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.