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Computer Fundamentals · Q153

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Computer Related · Computer Fundamentals · question 153

Q153

Taxes paid come under which group

A.
Capital
B.
Loans and liabilities
C.
Direct expenses
D.
Duties and taxes
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Any Tax Ledgers should be created under Duties and Taxes group which contains all tax accounts like GST, VAT, Excise and other trade taxes and total liability.