English

State whether the following statement is true or false with reasons: Book-keeping is useful to find out all tax liabilities. - Book Keeping and Accountancy

Advertisements
Advertisements

Question

State whether the following statement is true or false with reasons:

Book-keeping is useful to find out all tax liabilities.

Options

  • True

  • False

MCQ
True or False
Advertisements

Solution

This statement is True.
To find out the tax liabilities of the business, business transaction classification is useful which is possible only in Book-keeping.
shaalaa.com
  Is there an error in this question or solution?
Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 17]

APPEARS IN

Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 4. 10) | Page 17
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×