The 'Deemed Exports' under GST are: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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Budgetary control is a system of controlling costs that includes:
Correct Answer: Option B
Explanation:
Budgetary control involves preparing budgets and continuously comparing actual performance against the budget to take corrective action.
Budgetary control involves preparing budgets and continuously comparing actual performance against the budget to take corrective action.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The term 'Marshalling' in the context of a Balance Sheet means:
Correct Answer: Option C
Explanation:
Marshalling refers to the logical sequencing of assets and liabilities to make the balance sheet easily readable and analytical.
Marshalling refers to the logical sequencing of assets and liabilities to make the balance sheet easily readable and analytical.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Bank charges debited by the bank will be ________ when starting with an overdraft balance as per Pass Book.
Correct Answer: Option D
Explanation:
Bank charges increase the overdraft in the pass book. To arrive at the cash book overdraft (which is lower since it missed the charge), it must be deducted.
Bank charges increase the overdraft in the pass book. To arrive at the cash book overdraft (which is lower since it missed the charge), it must be deducted.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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