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Commerce · Q863

Accounting

Graduate and Post Graduate · Commerce · question 863

Q863

While preparing a Fund Flow Statements the provision for taxation should be taken as:

A.
A current liability only
B.
An appropriation of profit only
C.
As a current liability or an appropriation of profit
Answer
D.
Both as a current liability as well as an appropriation of profit

Answer: Option C

Solution

Answer: Option C
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