Tax deducted at source on interest on debenture is shown as ............

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Tax deducted at source on interest on debenture is shown as ............
(A) Expense
(B) Asset
(C) Liability
(D) Income

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

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