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Managing Director personal income tax is company exp ? in
which a/c ledger we should debit MD income tax amount ?
Property tax is exp. or liabilities ?

Answer Posted / mohsin1133

Managing Director Personal Income Tax Is not company Exp.
it will be debited in Capital a/c of Director.
Property tax is liability untill it is not paid & treated
Exp when paid.

Is This Answer Correct ?    12 Yes 0 No



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