S1: SEBI regulates the capital markets in India. S2: SEBI was established by an executive order. Which statement(s) is/are correct? MCQ with Answer and Explanation
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Question #1
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In a common-size statement, all items are expressed as percentage of:
Correct Answer: Option D
Explanation:
Common-size balance sheet expresses each item as % of total assets; income statement as % of net sales.
Common-size balance sheet expresses each item as % of total assets; income statement as % of net sales.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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GST Council decisions are taken by a majority of not less than:
Correct Answer: Option D
Explanation:
Article 279A dictates that every decision of the GST Council must be supported by a minimum of 75% (three-fourths) weighted majority of the members present and voting.
Article 279A dictates that every decision of the GST Council must be supported by a minimum of 75% (three-fourths) weighted majority of the members present and voting.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Cost Accounting defines 'Cost Centre' as:
Correct Answer: Option A
Explanation:
A cost centre is a logical segment (like a department or machine) used to accumulate and trace costs for management purposes.
A cost centre is a logical segment (like a department or machine) used to accumulate and trace costs for management purposes.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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