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income tax payable Dr ,Bank Cr.
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What is the journal entry if i received 10000 as a interest income and 10 percent percent advance income tax paid?
debit cash 9000debit tax 1000credit interest income 10000
What is the journal entry for interest received on a state tax refund?
Debit cashCredit interest income
Income tax payable journal entry?
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What is the accounting entry for the Provision of Income Tax?
dr. income tax expense cr. income tax payable
What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
What is the journal entry if i received 10000 as a interest income and 10 percent percent advance income tax paid?
debit cash 9000debit tax 1000credit interest income 10000
Why journal entry necessary for tax?
because tax is paid to tax authorities and that transaction also need to show.
What is the journal entry for interest received on a state tax refund?
Debit cashCredit interest income
Income tax payable journal entry?
I believe there are many more pleasurable opportunities ahead for individuals that looked at your site accountant in Chennai.
What is the accounting entry for the Provision of Income Tax?
dr. income tax expense cr. income tax payable
Is income tax a current liability or an expense?
Accrued income tax (Income Tax Payable) is a current liability. When the tax is actually paid it is reported on the income statement as Income Tax Expense.
What journal entries can you make to provide for income tax?
Debit income tax expensesCredit cash / bank
What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
What is tax colleducted at source journal entry?
debit cash / bankcredit tax payable
Can you treat tax as expenses?
Tax is an expense on financial statements. However, income tax is an expense of the year in which the income was earned, not the year the tax is paid. For instance, income tax paid in 2013 for income earned in 2012 is an expense for 2012. You do not deduct as a 2013 expense the income tax paid in 2013 for earnings in 2012.
What is the accounting entry for Income Tax?
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
