entry tax full details log on entry taxation .com
out of state machine what is entry tax
[Debit] Tax paid [Credit] Cash / bank
In the entry of india.
Account entry for income tax is a tax that you have to pay when you go in a store or a restaurant in Canada. http://chinese.com/ = this is the website where can you check the answer to make sure
debit cash / bankcredit tax payable
dr. income tax expense cr. income tax payable
debit sales tax expensecredit sales tax payable
because tax is paid to tax authorities and that transaction also need to show.
mother India
To record an income tax penalty in a journal entry, you would debit an expense account, such as "Income Tax Penalty Expense," to recognize the cost incurred. Simultaneously, you would credit a liability account, such as "Income Tax Payable," to reflect the amount owed to the tax authority. This entry captures the financial impact of the penalty on the company's accounts.
The Service Tax in India is an indirect tax on all services, although there are some exclusions. In 2015, it was increased to 14%.
income tax payable Dr ,Bank Cr.