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Provision for income tax


Naveen Kumar   16 January 2021

Naveen Kumar

 11 likes  327 points

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Sir,

Please suggest below entry in books of account is correct or wrong in proprietor firm

Provision for income tax (Capital Ac)
Provision for income tax (current liability)

Sourav

Sourav (Student)     16 January 2021

Sourav
Student 
 115 likes  1809 points

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Provision for Income tax is shown under
Current liabilities

sabyasachi mukherjee

sabyasachi mukherjee   16 January 2021

sabyasachi mukherjee

 185 likes  4721 points

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Provision for Income tax is shown under


Current Liabilities and Provision.

Krishna Chaudhary

Krishna Chaudhary (Accountant)     16 January 2021

Krishna Chaudhary
Accountant 
 192 likes  1947 points

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Kindly elaborate for what u want to pass entry.


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