Advance payment of tax should be shown on the | Faculties

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Mr. Dubey

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📊 Financial Accounting

Q. 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

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✅ Correct Answer: (C) asset side of the B/S

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