Prepare ‘Provision for Income Tax Account’ from the following information for preparing Cash Flow Statement Provision for Income Tax ₹ 2,20,000
Prepare ‘Provision for Income Tax Account’ from the following information for preparing Cash Flow Statement:
Equity and Liability Side of Balance Sheet
| 31.03.2021 | 31.03.2022 | |
| Provision for Income Tax | 2,20,000 | 1,90,000 |
Additional Information: During the year Income Tax paid was ₹ 2,30,000. [Ans. Provision made for Income Tax ₹ 2,00,000.]
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