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Cash flow statement
Accountancy
Can anyone tell how we got taxes paid as 195
Answers (5)
CA Suraj Lakhotia Admin
THis is already solved in class. With two types of logic.
Sir in this q u solved i don't understand why u must set off advance tax against provision for tax and that too whole of 1.8l of provision in beginning used fully for advance tax
SANSKRITI BADRI 2111339
Sir in this q u solved i don't understand why u must set off advance tax against provision for tax and that too whole of 1.8l of provision in beginning used fully for advance tax
Provision - what you created for last year (Liability) Advance tax - What you paid against the provision. (Asset) Hence set off.