Advance payment of tax should be shown on the ‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet. | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. Advance payment of tax should be shown on the ‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.

(A) Liability side
(B) Asset side
(C) Debit side
(D) Credit side

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✅ Correct Answer: (B) Asset side

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