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Tax Provision

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyThe provision for tax was ₹1,02,000, whereas the final tax liability was determined to be ₹94,300. What will be the effect in the Revaluation Account at the time of admission of a partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of reconstitution, the provision for tax was ₹84,000, whereas the actual tax liability was determined to be ₹91,500. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAt the time of admission of a partner, the old tax provision was ₹56,000, whereas the actual tax liability after revaluation was determined to be ₹49,000. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe tax provision is ₹37,000, whereas the actual tax liability is determined to be ₹42,800. What effect will this adjustment have on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert