CT double entry Help!

a25 Registered Posts: 1 New contributor 🐸
What is double entry for corporation tax? I just trying preper the final accounts for my client but I don't know how to accounts for CT.
I using only spreadsheets.


  • AK002
    AK002 Registered Posts: 2,492
    It seems a tiny bit worrying that you have clients yet don't know a rather basic bit of double entry..

    However, i'm not here to judge.

    Do you mean payment of corporation tax? Bringing in the corporation tax provision?
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    ^What AK said.


    CT for the year would be DR Profit and Loss, CR Balance Sheet (liability)

    Payment of CT would be CR Bank and DR Balance Sheet (Liab)
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