Advance payment of tax should be shown on the
A) Debit side of P/L a/c
B) debit side of P/L appropriation a/c
C) asset side of the B/S
D) liability side of the B/S
Correct Answer:
Verified
Q10: Discount on shares and debentures are shown
Q11: Calls in arrear Is
A)Shown as current asset
B)deducted
Q12: The amount set aside to meet the
Q13: When the proposed dividend exceeds 20% of
Q14: In the case of joint stock company,
Q16: Which of the following items will be
Q17: Scrip dividend means
A)Unclaimed dividend
B)arrears of dividend
C)dividend paid
Q18: Which of the following would not appear
Q19: As per the rules framed under the
Q20: Banks show the provision for income tax
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