Multiple choice

For employer, TDS on salary is a/an ……………

  1. <span style="font-size:">asset

  2. liability

  3. <span style="font-size:">expense

  4. <span style="font-size:">income
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Liability is the value which need to discharge in the required time, i.e. TDS is a liability to submit into the account of government.

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