S1: A Receipt Voucher is prepared for cash receipts. S2: A Payment Voucher is prepared for cash payments. Which statement(s) is/are correct? MCQ with Answer and Explanation
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Question #1
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The 'Dual GST' model in India comprises:
Correct Answer: Option D
Explanation:
Dual GST includes Central GST and State GST simultaneously on intra-state supplies.
Dual GST includes Central GST and State GST simultaneously on intra-state supplies.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Integrated Goods and Services Tax' on imports is levied under:
Correct Answer: Option C
Explanation:
IGST on imports is levied under IGST Act read with Customs Tariff Act.
IGST on imports is levied under IGST Act read with Customs Tariff Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Investor Education and Protection Fund' (IEPF) is established under:
Correct Answer: Option C
Explanation:
IEPF is constituted under Section 125 of Companies Act, 2013.
IEPF is constituted under Section 125 of Companies Act, 2013.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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