Entries At the End of the Year For Companies

TAX EXPENCE A/C DR            92700

TO PROVISION FOR TAX            92700

PROVISION FOR TAX DR       92700

TO INCOME TAX DUE                52700

TO TDS RECEIVABLE                40000

INCOME TAX DUE DR   52700

TO BANK                           52700

INCOME TAX REFUND DUE DR        40000

TO TDS RECEIVABLE                             40000

BANK A/C DR         40000

TO INCOME TAX REFUND DUE   40000

TAX EXPENCE A/C DR     15450

TO PROVISION FOR TAX     15450

PROVISION FOR TAX DR        15450

INCOME TAX REFUND DUE    24550

TO TDS RECEIVABLE     40000

BANK DR    24550

TO INCOME TAX DUE     24550