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What will be the journal entry for paying tax to the government?
Wiki User
∙ 9y ago
debit] tax expense xxxx
credit Cash / bank xxxx
Wiki User
∙ 9y ago
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Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
What is tax colleducted at source journal entry?
debit cash / bankcredit tax payable
What is the Journal entry for income tax paid?
income tax payable Dr ,Bank Cr.
Why journal entry necessary for tax?
because tax is paid to tax authorities and that transaction also need to show.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What is the journal entry to record the FUTA tax expense?
Debit FUTA Tax Expenses xxxx Credit FUTA Tax Payable xxxx
What is the journal entry for interest received on a state tax refund?
Debit cashCredit interest income
What is the journal entry for accrued use tax?
debit taxes expense and credit taxes payable
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
What is tax deducted source journal entry?
Tax deduction at source in respect of share brokerage house
Journal entry for credit sale with discount and tax?
debit accounts receivablecredit sales tax payablecredit sales discountcredit sales revenue
What is a sample journal entry for payroll including federal and state taxes?
Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable
