The 'Foreign Trade Policy 2023' has introduced: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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The 'Purchase Returns Book' records:
Correct Answer: Option D
Explanation:
Purchase returns (returns outward) are recorded in this subsidiary book.
Purchase returns (returns outward) are recorded in this subsidiary book.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Under the straight-line method of depreciation, the depreciation amount:
Correct Answer: Option B
Explanation:
Straight-line method charges equal amount of depreciation each year over the useful life of the asset.
Straight-line method charges equal amount of depreciation each year over the useful life of the asset.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Actuarial Gains and Losses' on defined benefit plans are recognised in:
Correct Answer: Option A
Explanation:
Ind AS 19 requires actuarial gains/losses to be recognised in OCI.
Ind AS 19 requires actuarial gains/losses to be recognised in OCI.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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