Vidyalelo
Commerce · Q445

Accounting

Graduate and Post Graduate · Commerce · question 445

Q445

Advance payment of Income tax should be shown as

A.
Debit side of profit and loss a/c
B.
Asset side of balance sheet
Answer
C.
Liabilities side of balance sheet
D.
Credit side of profit and loss a/c

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board