Question
A Ltd. started business an April 1. 2006. It paid advance tax for 2006-071.00.000 and current tax provided for 2006-07 was 90,000. It paid advance
A Ltd. started business an April 1. 2006. It paid advance tax for 2006-071.00.000 and current tax provided for 2006-07 was 90,000. It paid advance tax for 2007-081.20,000 and current tax provided for 2007-08 was 1.20,000. It paid advance tax for 2008-09 1.50,000 and current tax provided for 2008-09 was 1.20,000. Income tax assessment was not complete yet.
Prepare Advance Tax Account and Current Tax Account for 2006-07, 2007-08 and 2008-09
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
