Question

In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -

Q: Answer-In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -

Corporate Dividend Tax often referred to as Dividend Distribution Tax or DDT is typically shown as a liability on the balance sheet under the Current Liabilities section. This is because it represents a tax liability that the company owes and expects to settle in the short term, usually within the next accounting period.