Question

39. income tax paid Rs. 3000 journal entry

​

Answer 1

Answer:

Journalise the following transactions with narration: i. Paid Income Tax Rs.3,000. ii. Interest on Capital Rs.300. iii. Goods worth Rs.500 given as charity.Read more on Sarthaks.com - https://www.sarthaks.com/111077/journalise-the-following-transactions-with-narration-i-paid-income-tax-rs-3-000

Answer 2

Explanation:

                                           Journal Entry

Income Tax a/c                                                        dr     3000

              To Cash/Bank a/c                                                           3000

    (Being income tax paid by through cash/bank)