The 'Equalisation Levy' at 6% applies to: MCQ with Answer and Explanation
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Question #1
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Which ratio measures the short-term solvency of a firm?
Correct Answer: Option D
Explanation:
The Current Ratio compares current assets to current liabilities, indicating the firm's ability to meet its short-term obligations.
The Current Ratio compares current assets to current liabilities, indicating the firm's ability to meet its short-term obligations.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Institute of Chartered Accountants of India' (ICAI) was established by:
Correct Answer: Option B
Explanation:
ICAI was established by the Chartered Accountants Act, 1949.
ICAI was established by the Chartered Accountants Act, 1949.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a recent development in accounting?
Correct Answer: Option C
Explanation:
Blockchain is an emerging technology enabling triple-entry accounting, enhancing transparency and security.
Blockchain is an emerging technology enabling triple-entry accounting, enhancing transparency and security.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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