The 'Book Profit' for MAT calculation under Section 115JB includes: MCQ with Answer and Explanation
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Question #1
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The 'Zero Base Budgeting' (ZBB) was first introduced in a country by:
Correct Answer: Option B
Explanation:
ZBB was popularised in the 1970s in the United States.
ZBB was popularised in the 1970s in the United States.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Actuarial Gains and Losses' on defined benefit plans are recognised in:
Correct Answer: Option C
Explanation:
Ind AS 19 requires actuarial gains/losses to be recognised in OCI.
Ind AS 19 requires actuarial gains/losses to be recognised in OCI.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Quick Ratio' excludes inventory because:
Correct Answer: Option D
Explanation:
Quick ratio considers only quick assets (liquid), inventory is less liquid, so excluded.
Quick ratio considers only quick assets (liquid), inventory is less liquid, so excluded.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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