Question

23. Draw-up necessary journal entries for the following- (1) Paid 4,000 for income tax by cheque. (2) Received a refund of income tax for 400. (3) Received 30 towards interest on advance payment of tax. (4) A customer paid 1,100 being sale price of goods 1,000 and sales tax 100, The sales tax was deposited into Government Treasury. (Ans. Total of Journal 5,630) ​

Answer 1

23. Draw-up necessary journal entries for the following- (1) Paid 4,000 for income tax by cheque. (2) Received a refund of income tax for 400. (3) Received 30 towards interest on advance payment of tax. (4) A customer paid 1,100 being sale price of goods 1,000 and sales tax 100, The sales tax was deposited into Government Treasury. (Ans. Total of Journal 5,630)

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♥*♡∞:｡.｡Answer by Shreyas｡.｡:∞♡*♥

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