The 'Advance Tax' payment schedule for a non-corporate assessee is: MCQ with Answer and Explanation
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Question #1
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In Social Accounting, treating pollution emitted by a factory as a negative entry is an example of pricing an:
Correct Answer: Option B
Explanation:
Pollution is an external cost because the burden is borne by society, not directly reflected in the company's internal financial books.
Pollution is an external cost because the burden is borne by society, not directly reflected in the company's internal financial books.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Which of the following is not a purpose of financial audit?
Correct Answer: Option B
Explanation:
Preparation of financial statements is management's responsibility. Auditor expresses opinion on them.
Preparation of financial statements is management's responsibility. Auditor expresses opinion on them.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'GST Suvidha Providers' (GSPs) are:
Correct Answer: Option D
Explanation:
GSPs facilitate taxpayers in filing returns and other GST compliances via software.
GSPs facilitate taxpayers in filing returns and other GST compliances via software.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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