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Question No 30 Chapter 8 – UNIMAX Class 12 Part 2 – 2021
30. prepare provision for income Tax account from the following information for preparing provision for income Tax account:
Equity and liabilities side of balance sheet
| Particulars | 31-3-2021 | 31-3-2022 |
|---|---|---|
| Provision for income tax | 1,50,000 | 2,10,000 |
Additional information:
Provision for income Tax made during the year 2022 was 2,35,000.
Provision for income Tax account
| Particulars | ₹ | Particulars | ₹ |
|---|---|---|---|
| To bank A/c (B. fig) | By balance b/d (given) | ||
| (Being payment made) | 1,75,000 | By statement of P & L | |
| To balance c/d (given) | 2,10,000 | (Provision made given) | |
| 3,85,000 | 3,85,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 30 Chapter 8 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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