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1. Is TDS asset or Liability ?.

2. Is TCS Asset or Liability ?.

3. Which is Debit side and Which is Credit Side in Balance
Sheet ?.

Answer Posted / mayank

First of there is no side in balence sheet. Balence sheet
always liablities and assets side not dabit & credit
Tds deducted is always liablity.

Is This Answer Correct ?    18 Yes 8 No



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