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      Question

      Deferred Tax Liabilities’ is shown under which of the

      following heads in a Balance sheet as per the format given in Companies Act, 2013?
      A Shareholders’ fund Correct Answer Incorrect Answer
      B Non-current Liabilities Correct Answer Incorrect Answer
      C Current liabilities Correct Answer Incorrect Answer
      D Current Assets Correct Answer Incorrect Answer
      E Non-current assets Correct Answer Incorrect Answer

      Solution

      Deferred Tax Liabilities (net) is shown under non-current liabilities. If the balance is deferred tax assets (net) then it will be shown under non-current assets.

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