The 'Dual GST' model in India comprises: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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In accounting, what does the term 'Vouching' fundamentally imply?
Correct Answer: Option C
Explanation:
Vouching is the process of examining documentary evidence to ascertain the accuracy and authenticity of accounting entries.
Vouching is the process of examining documentary evidence to ascertain the accuracy and authenticity of accounting entries.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Section 194O' deals with TDS on:
Correct Answer: Option C
Explanation:
E-commerce operators deduct TDS on payments to e-commerce participants at 1%.
E-commerce operators deduct TDS on payments to e-commerce participants at 1%.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a type of audit opinion?
Correct Answer: Option C
Explanation:
Auditors can issue unqualified (clean), qualified, adverse, or disclaimer of opinion reports based on their findings.
Auditors can issue unqualified (clean), qualified, adverse, or disclaimer of opinion reports based on their findings.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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