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Commerce Accounting Difficulty: Medium

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Positive perfect correlation is Match List-I with List-II and select the correct answer: List-I List-II a. Tax planning 1. Making suitable arrangement of TDS b. Tax avoidance 2. Understatement of income c. Tax evasion 3. Availing deduction under Section 10 (A) of IT Act d. Tax administration 4. Misinterpreting the provisions of the IT Act Required increasing in current assets and an increasing in current liabilities is subtracted to calculate All direct & indirect expenses related to business are charged: A manufacturing process requires small amounts of glue. The glue used in the process is classified as: