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Where does the entry of TDS payable, sale tax payable,
service tax payable will appear in Balance sheet or profit
or loss a/c?
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Answer Posted / jitendra kr.jha
This rule below indicate for an example
Assets,Losses or Expenses are debited and
Liabilities or Income are Credited
So i think it is not expenses payable rather Liabilities
payable. Exactly above payable entry will appear in Balance
sheet side.
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