Answer Posted / hitesh
TAX is classifiesd in two catogaries .
Direct tax & Indirect tax, Indirect Tax are those tax which
is leived on comodities,a manufacturer charge from
distributor and distributor charge from wholesaler,
wholesaler from retailer,retailr charge from its customer.
The burden of these tax can be transfered to other.
example : valued added tax, sales tax etc.
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Assets are held in the Business for the purpose of____________________