Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   How do you record unpaid income taxes? (https://www.askmehelpdesk.com/showthread.php?t=668923)

  • Jun 9, 2012, 01:18 PM
    JNDJTT
    How do you record unpaid income taxes?
    Income taxes related to 2011 are unpaid at year end. How do you record this?
  • Jun 9, 2012, 04:11 PM
    paraclete
    Quote:
    Originally Posted by JNDJTT View Post
    Income taxes related to 2011 are unpaid at year end. How do you record this?
    A provision is created for this liability so you debit income tax expense and credit the provision for income tax

    • All times are GMT -7. The time now is 05:08 AM.