The 'Earnings Per Share' (Ind AS 33) requires disclosure of: MCQ with Answer and Explanation
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Question #1
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A partner's drawings are ₹12,000 drawn evenly throughout the year. Interest on drawings @ 10% p.a. would be:
Correct Answer: Option A
Explanation:
If drawings are made evenly throughout the year, average period = 6 months. Interest = 12,000 × 10% × 6/12 = ₹600.
If drawings are made evenly throughout the year, average period = 6 months. Interest = 12,000 × 10% × 6/12 = ₹600.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Safe Harbour Rules' under transfer pricing provide:
Correct Answer: Option C
Explanation:
Safe harbour rules reduce litigation by accepting declared margins in specified conditions.
Safe harbour rules reduce litigation by accepting declared margins in specified conditions.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following decisions relates to determining the optimal capital structure?
Correct Answer: Option A
Explanation:
The financing decision involves choosing the right mix of debt and equity (capital structure) to minimize the overall cost of capital.
The financing decision involves choosing the right mix of debt and equity (capital structure) to minimize the overall cost of capital.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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