Sir ,Advance income Tax and Pre paid Insurance under which heads it's

Accounts Tax GST

This question was asked in Tally Ledger Groups List (Ledger under Which Head)

sir ,

Advance income Tax and Pre paid Insurance under which heads it's comes

Sudheer Chaithanya

Sept. 22, 2016, 6 p.m.

Answers!

Davneet Singh

Sept. 22, 2016, 6:31 p.m.

Hi Sudheer

Advance income Tax is a Current Asset.You can also put it under Duties and taxes where it will show on Debit Side

Prepaid Insurance is Current Asset

Learn more about Advance tax

http://www.teachoo.com/5111/1314/Advance-Tax-and-Provison-for-Tax/category/Provision-for-Tax/

Learn more about Prepaid Exp

http://www.teachoo.com/829/252/Prepaid-Expense-Entries/category/Prepaid-Entries/

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