Question

______ appear in a company’s balance sheet under the sub-head short-term provision.

Options

• Interest Accrued but not due on Borrowings

• Provision for Tax

• Unpaid Dividend

• Calls in Advance

Answer 1

Provision for tax appear in a company’s balance sheet under the sub-head short-term provision.

Explanation:

Short-term provisions include amounts set aside to cover expected liabilities that are likely to be settled within 12 months.