In the context of GST, IGST is levied on: MCQ with Answer and Explanation
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Question #1
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Which of the following is a direct method of collecting audit evidence?
Correct Answer: Option D
Explanation:
Inquiry, observation, and inspection are all direct methods used by auditors to gather sufficient and appropriate audit evidence.
Inquiry, observation, and inspection are all direct methods used by auditors to gather sufficient and appropriate audit evidence.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Which unique identifier is increasingly linked with PFMS to ensure accurate delivery of benefits?
Correct Answer: Option A
Explanation:
Aadhaar is heavily integrated into PFMS for authenticating beneficiaries and ensuring duplicate or ghost accounts are eliminated.
Aadhaar is heavily integrated into PFMS for authenticating beneficiaries and ensuring duplicate or ghost accounts are eliminated.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Closing Stock' is valued on the basis of:
Correct Answer: Option B
Explanation:
Prudence convention and AS 2 require lower of cost and NRV.
Prudence convention and AS 2 require lower of cost and NRV.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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