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    Question

    In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -

    A Current Liabilities Correct Answer Incorrect Answer
    B Non-Current Liabilities Correct Answer Incorrect Answer
    C Tax Liabilities Correct Answer Incorrect Answer
    D Deferred Liabilities Correct Answer Incorrect Answer

    Solution

    Corporate Dividend Tax (often referred to as Dividend Distribution Tax or DDT) is typically shown as a liability on the balance sheet under the "Current Liabilities" section. This is because it represents a tax liability that the company owes and expects to settle in the short term, usually within the next accounting period.

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