The 'Artificial Intelligence' in accounting is primarily used for: MCQ with Answer and Explanation
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Question #1
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The 'Impairment of Assets' (Ind AS 36) applies to:
Correct Answer: Option B
Explanation:
Ind AS 36 has a specific scope excluding certain assets covered by other standards.
Ind AS 36 has a specific scope excluding certain assets covered by other standards.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'TDS on purchase of goods' under Section 194Q is applicable when:
Correct Answer: Option A
Explanation:
Section 194Q requires TDS at 0.1% on purchase of goods exceeding ₹50 lakh by buyer with turnover > ₹10 crore.
Section 194Q requires TDS at 0.1% on purchase of goods exceeding ₹50 lakh by buyer with turnover > ₹10 crore.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a solvency ratio?
Correct Answer: Option A
Explanation:
The Debt-Equity Ratio measures the long-term solvency of a firm by comparing its long-term debts to its shareholders' equity.
The Debt-Equity Ratio measures the long-term solvency of a firm by comparing its long-term debts to its shareholders' equity.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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