JOURNAL 1.
Depreciation
2.
Tax Provision:a. Income Tax b. Wealth tax c. Service Tax d. Fringe Benefit Tax
3.
Proposed Dividend
4.
Provision for Gratuity - Certificate of Actuary
5.
Provision for Tax - Leave Encashment
6.
Outstanding Liabilities for Expenses
7.
Provision for Audit Fees
8.
Prepaid Expenses
9.
Deferred Tax Liability
10.
Tax Audit Statement - TDS on Interest, Salary, Commission
11.
Interest Accrued
Profit on sale of Assets (Motor car, Air-condition, etc.)