Q.

For Meghal Industries Ltd. opening balance for Provision for Taxation is Rs. 18,000 and closing balance is Rs. 15,000. During the year Taxed paid wereRs. 10,000. What is the current year’s Provision for Taxation made from the profit?

A. Rs. 3,000
B. Rs. 13,000
C. Rs. 7,000
D. Rs. 23,000
Answer» C. Rs. 7,000
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