In the Balance Sheet of ABC Ltd. A provision for taxation of ₹ 4,00,000 and ₹ 5,00,000 on 31-03-2021 and 31-03-2022 respectively. It made a provision for taxation of ₹ 4,50,000 during the year. How much amount of tax is
CS Executive · Corporate and Management Accounting · PYQS · June 2023
In the Balance Sheet of ABC Ltd. A provision for taxation of ₹ 4,00,000 and ₹ 5,00,000 on 31-03-2021 and 31-03-2022 respectively. It made a provision for taxation of ₹ 4,50,000 during the year. How much amount of tax is paid during the year ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statement Analysis
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