What are the effects on financial statements if provision for-12818
What are the effects on financial statements, if provision for Income Tax to be made Rs. 12,000 is given in adjustment?
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.10.
What are the effects on financial statements, if provision for Income Tax to be made Rs. 12,000 is given in adjustment?
It will be deducted in Income Statement only
It will be treated as current liability in balance sheet only
It will be treated as current asset in balance sheet only
Both it will be deducted in income statement and it will be treated as current liability in balance sheet
