Recording Increase in Tax Liability (Assam)

Increase in tax liability can be adjusted by creating a journal voucher.

To account for increase in tax liability

1.     Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

2.     Click J: Stat Adjustment to enable the required options in the Stat Adjustment Details screen.

3.     Debit the expenses ledger created under Indirect Expenses. Enter the amount.

4.     Credit the ledger created under Current Liabilities.

The journal voucher appears as shown below:

5.     Press Enter to save.