A 'Journal Voucher' is prepared for: MCQ with Answer and Explanation
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Question #1
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Which of the following is a feature of a joint stock company?
Correct Answer: Option C
Explanation:
A joint stock company is a separate legal entity distinct from its shareholders, with perpetual succession and limited liability.
A joint stock company is a separate legal entity distinct from its shareholders, with perpetual succession and limited liability.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The main purpose of preparing a Trial Balance is:
Correct Answer: Option B
Explanation:
Trial balance ensures that total debits equal total credits, verifying posting and balancing accuracy.
Trial balance ensures that total debits equal total credits, verifying posting and balancing accuracy.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Section 80EEB' deduction is for:
Correct Answer: Option A
Explanation:
Section 80EEB provides deduction up to ₹1,50,000 on interest paid on loan for purchase of electric vehicle.
Section 80EEB provides deduction up to ₹1,50,000 on interest paid on loan for purchase of electric vehicle.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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