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| Q.55 | Which of the given items will be shown on the debit side of the profit and loss account? (i) Income tax | |
| Ans | A. Points (iv), (vi), (vii) | |
| B. Points (v), (vii), (viii) | ||
| C. Points (i), (iii), (iii) | ||
| D. Points (iv), (viii), (x) |
Correct Ans Provided: A
