Balance of Provision for Taxation as on 1-4-2018 and 31-3-2019 were ₹13,72,000 and ₹14,55,000 respectively. During the year ₹12,05,000 were paid towards income tax. The amount of provision made for taxation will be :
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Balance of Provision for Taxation as on 1-4-2018 and 31-3-2019 were ₹13,72,000 and ₹14,55,000 respectively. During the year ₹12,05,000 were paid towards income tax. The amount of provision made for taxation will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Accounting
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