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I believe there are many more pleasurable opportunities ahead for individuals that looked at your site accountant in Chennai.

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Duraivel P

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3y ago

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Related Questions

What is the Journal entry for income tax paid?

income tax payable Dr ,Bank Cr.


How do you post sales tax payable as journal entry?

debit sales tax expensecredit sales tax payable


What is the accounting entry for the Provision of Income Tax?

dr. income tax expense cr. income tax payable


What is tax colleducted at source journal entry?

debit cash / bankcredit tax 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 the journal entry for accrued use tax?

debit taxes expense and credit taxes payable


What is the journal entry to record the FUTA tax expense?

Debit FUTA Tax Expenses xxxx Credit FUTA Tax Payable xxxx


How should I create a journal entry to record an income tax refund?

To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.


What is a sample journal entry for payroll including federal and state taxes?

Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable


What is the journal entry for interest received on a state tax refund?

Debit cashCredit interest income


Is tax payable on income an expense?

Taxes are payable on income less expenses


Is income tax payable in jammu and kasmir?

yes income tax is payable in jammu and kashmir if the person is the resident of it.