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Question 29 Chapter 8 -Unimax Publication Class 12 Part 2 – 2021

Question 29 Chapter 8 -Unimax Publication Class 12 Part 2 - 2021
Question 29 Chapter 8 -Unimax Publication Class 12 Part 2 - 2021

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Question 29 Chapter 8 – Unimax Publication Class 12 Part 2 – 2021

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29. prepare provision for income Tax account from the following information for preparing provision for income Tax account:

Particulars31-3-202131-3-2022
Provision for income tax3,20,0004,00,000

Additional information:
During the year income Tax paid was 2,80,000.

The solution of Question 29 Chapter 8 – Unimax Publication Class 12 Part 2-2021 : – 

Provision for income Tax account

Particulars Particulars
To bank A/c By balance b/d (given)3,20,000
(Payable made given)2,80,000By statement of P & L 
To balance c/d (given)4,00,000(B. fig., being prov. Made)3,60,000
 6,80,000 6,80,000

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What is the cash flow statement? why do we need to prepare?

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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