In cost accounting, 'Variable Cost' per unit: MCQ with Answer and Explanation
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Question #1
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Which concept attempts to measure the cost and benefits of a firm's activities to the society?
Correct Answer: Option D
Explanation:
CSR/Social accounting at the micro level identifies and measures the net social contribution of a business organization.
CSR/Social accounting at the micro level identifies and measures the net social contribution of a business organization.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Analytical Procedures' are required:
Correct Answer: Option A
Explanation:
SA 520 mandates analytical procedures at these stages.
SA 520 mandates analytical procedures at these stages.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Gift Tax' in India:
Correct Answer: Option B
Explanation:
Gift tax Act was abolished; gifts are now taxed in the hands of recipient under Section 56(2)(x) of Income Tax Act if exceeding ₹50,000.
Gift tax Act was abolished; gifts are now taxed in the hands of recipient under Section 56(2)(x) of Income Tax Act if exceeding ₹50,000.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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