If the provision for income tax for 2013 is Rs.30,000 and for 2014 is Rs.40,000. and income tax of Rs.25,000 is paid during the year 2014 in respect of year 2013, the amount of to be debited to the Profit and Loss Adjustment Account as "Provision for Income Tax" to find out "Funds from Operation" will be

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The amount to be debited to the Profit and Loss Adjustment Account for "Provision for Income Tax" is the difference between the provision for the current year (2014) and the previous year (2013), which is Rs.40,000 - Rs.30,000 = Rs.10,000. Additionally, the actual tax paid for the previous year (2013) of Rs.25,000 is also considered, making the total Rs.10,000 + Rs.25,000 = Rs.35,000.

If the Provision for Income Tax for 2013 Is Rs