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Discussion :: Tally

  1. Taxes paid come under which group

    2. A.

     Capital
    B.

     Loans and liabilities
    C.

     Direct expenses
    D.

     Duties and taxes

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    Workspace

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    Answer : Option D

    Explanation :

    Any Tax Ledgers should be created under Duties and Taxes group which contains all tax accounts like GST, VAT, Excise and other trade taxes and total liability.

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