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Balance sheet query

(Querist) 21 July 2015 This query is : Resolved 
Dear Experts,
Please inform which side to place the following items, asset or Liability, while preparing balance sheet for income tax purposes:
1. Advance Tax paid during the last financial year,
2. TDS deducted by Bank from FD interest already credited to SB account,
3. TDS deducted from accrued interest but not yet credited to SB account,
4. Income Tax Refund for the last AY received along with interest, and
5. Car Road Tax paid in advance for Five years.
Thanks in advance
Bhaskar
Report Abuse
Guest (Expert) 21 July 2015
Consult and Discuss with the CA Club of this same Forum
Rajendra K Goyal (Expert) 22 July 2015
Academic and accounting query.
Guest (Expert) 22 July 2015
Get help from a qualified accountant.
T. Kalaiselvan, Advocate (Expert) 26 July 2015
Academic query,go to classroom and ask your tutor.

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