Accountancy, asked by sushilaneja5506, 1 year ago

What is difference between the meaning of oststanding and prepaid tax

Answers

Answered by guptasaurabh200
0
outstanding tax means - The amount of tax is due (i.e. delayed in payment) for payment..

Prepaid Tax means - you have already paid the amount of tax in advance
Answered by Toshiiii
0

Outstanding tax means..which is yet to be paid

Prepaid tax means...tax paid in advance

Previous Question
Next Question
Similar questions
Social Sciences, 7 months ago
who is home minster of Karnataka ​...
Social Sciences, 7 months ago
Who is the current Prime Minister of India​...
Math, 7 months ago
which of the following alphabet can you divide into Two similar halves? A,C,E,F,H,M,N,O ,S,Ti​...
Social Sciences, 1 year ago
Which sources were introduced after green revolution?
Economy, 1 year ago
Why are banks eligible to give loan to self help groups 0 economic?
Business Studies, 1 year ago
Which of the following statements is/are correct about the term ‘living will’, seen in news recently? 1. It is a person’s advance directive to withdraw medical care to allow him to die with dignity. 2. It takes effect only when a medical board affirms that person’s medical condition is beyond cure and irreversible. 3. Parliament has recently, passed a law legalizing the living...
Business Studies, 1 year ago
Which of the following statement correctly describes the term ‘Manganiyars’? A. A community of folk musicians from Rajasthan B. Traditional weavers from Gujarat C. Forest dwelling community from Nilgiri region D. Community of folk dancers from Manipur...
Business Studies, 1 year ago
Recently, researchers have discovered a whole new species of gecko in India, which is being seen for the first time in the world. The species was found in which region of India? A. Western Ghats B. Eastern Ghats C. Andaman and Nicobar Islands D. North eastern India...