Page 61 - IC46 addendum
P. 61
The Insurance Times
amount not paid by the shareholders on the
calls made by company on shares.
b. Unclaimed dividends is shown on the liability
side of the balance sheet under the head
current liabilities.
c. Tax calculated on taxable income is called
current tax.
d. Difference between tax on accounting income
and taxable income is called deferred tax.
e. All are correct.
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