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  • Accounting (CA - CPT)
  • If any municipal tax is due, but not paid due to dispute,...
Multiple choice

If any municipal tax is due, but not paid due to dispute, it is taken as a

  1. current liability

  2. contingency liability

  3. revenue loss

  4. long term liability

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correct; this becomes due only if dispute is settled.

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  • Indian Taxation System (2325 questions)
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