Securities Premium Account is shown on the liabilities side of the Balance Sheet under the heading: MCQ with Answer and Explanation
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Question #1
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The term 'Audit' originates from the Latin word:
Correct Answer: Option B
Explanation:
The word 'audit' comes from the Latin 'audire' meaning 'to hear'.
The word 'audit' comes from the Latin 'audire' meaning 'to hear'.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In the context of PFMS, what does 'Aadhaar Payment Bridge System' (APBS) facilitate?
Correct Answer: Option D
Explanation:
APBS facilitates Direct Benefit Transfers (DBT) by using the Aadhaar number as the central key for routing government subsidies to beneficiaries.
APBS facilitates Direct Benefit Transfers (DBT) by using the Aadhaar number as the central key for routing government subsidies to beneficiaries.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Deferred Tax Asset' is recognised for deductible temporary differences to the extent that:
Correct Answer: Option A
Explanation:
Recognition of deferred tax asset requires probability of future taxable profits.
Recognition of deferred tax asset requires probability of future taxable profits.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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