While making the provision for tax in the books, which account is debited?

Provision for tax account

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Profit & Loss account

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Bank account

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Income tax account

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Solution

The correct option is B
Profit & Loss account

The correct adjusting entry is:
Profit & Loss a/c Dr
To Provision for tax

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Additional Information:
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While making the provision for tax in the books, which account is debited?

The correct option is B Profit & Loss account The correct adjusting entry is: Profit & Loss a/c Dr To Provision for tax

The correct option is B
Profit & Loss account

The correct adjusting entry is:
Profit & Loss a/c Dr
To Provision for tax