The 'Country-by-Country Reporting' (CbCR) is required for: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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PFMS portal is used for:
Correct Answer: Option A
Explanation:
PFMS facilitates direct benefit transfers and real-time tracking of government funds.
PFMS facilitates direct benefit transfers and real-time tracking of government funds.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Margin of Safety' is ₹2,00,000 and the P/V ratio is 25%. The profit is:
Correct Answer: Option B
Explanation:
Profit = Margin of safety × P/V ratio = 2,00,000 × 25% = ₹50,000.
Profit = Margin of safety × P/V ratio = 2,00,000 × 25% = ₹50,000.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Related Party' as per AS 18 includes:
Correct Answer: Option B
Explanation:
Related parties include key management, enterprises with control or significant influence, etc.
Related parties include key management, enterprises with control or significant influence, etc.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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