Tax deducted at source appears in the Balance Sheet
AOn the liabilities side under current liabilities
BOn the assets side under current assets
COn the assets side under loans and advances
DOn the liabilities side under provisions
Correct answer
A. On the liabilities side under current liabilities
Explanation
On the liabilities side under current liabilities is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.