The 'Form 10IE' is to be filed for: MCQ with Answer and Explanation
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Question #1
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Under the concept of 'Social Return on Investment' (SROI), a ratio of 3:1 indicates:
Correct Answer: Option B
Explanation:
SROI expresses the social value created for every unit of currency invested. A 3:1 ratio means Rs 3 of value is created per Rs 1 invested.
SROI expresses the social value created for every unit of currency invested. A 3:1 ratio means Rs 3 of value is created per Rs 1 invested.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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S1: The Purchases Return Book records returns of goods purchased on credit. S2: The Purchases Return Book is also called the Returns Outwards Book. Which statement(s) is/are correct?
Correct Answer: Option B
Explanation:
The Purchases Return Book records goods returned to suppliers that were originally purchased on credit. It is also known as the Returns Outwards Book because goods are going out of the business. Both statements are correct.
The Purchases Return Book records goods returned to suppliers that were originally purchased on credit. It is also known as the Returns Outwards Book because goods are going out of the business. Both statements are correct.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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In the context of recent developments, what is the full form of 'Ind-AS'?
Correct Answer: Option C
Explanation:
Ind-AS stands for Indian Accounting Standards, which are the standards converged with IFRS (International Financial Reporting Standards) and notified under the Companies Act.
Ind-AS stands for Indian Accounting Standards, which are the standards converged with IFRS (International Financial Reporting Standards) and notified under the Companies Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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