You want to know about the entries of the accounts for the tax payment here I am providing you the same in the attached file.

Here are some of the content of the file

GAAP income is not always the same as tax.
Accordingly there is a difference between the amount
of “net income” in the financial statements and
“taxable income” in the tax return.
– These items usually “reverse” over time.
– Until they reverse an asset or liability must be
recorded on the financial statements in order for
the tax entries to balance. The balance sheet
account used to do this is called deferred tax
asset/ liability.

For the complete information download the attached file.

Attached Files

entrance accounting taxation.pdf (149.9 KB, 214 views)

I am Commerce student and want to do Bachelor of Commerce (B.Com) in Taxation searching for some details. Will you provide basic details about Entrance Accounting Taxation along with eligibility and admission process for doing B.Com. in Taxation also provide packages offered?

Taxes are amounts levied by government on businesses and individuals to finance its expenditures, to regulate the economy, to distribute wealth and for a number of other reasons

About Bachelor of Commerce (B.Com) in Taxation

B.Com. in Taxation is an undergraduate course in accounts.

The length of the course is 3 years.

The course covers the investigation of standards of bookkeeping, monetary arranging and monetary hypothesis alongside a specific concentrate on tax assessment which is named as a procedure of imposing a financial charge (tax) on the subjects who earn ‘taxable’ income.

Eligibility
10+2 with English and math

Admission Process

Students are admitted in B.Com on the basis of merit. The merit is prepared on the basis of candidate’s performance in higher secondary examination. Some Universities also conduct the entrance test for admitting students. Besides candidate’s academic knowledge, some colleges conducts interview

Average Course Fee
INR 5K to 5 Lacs

Average Starting Salary
INR 1.2 Lakh to 10 Lacs