The 'GST Audit' is required for taxpayers with turnover exceeding: MCQ with Answer and Explanation
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Question #1
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In recent years, which technology has significantly impacted accounting?
Correct Answer: Option B
Explanation:
All these technologies (cloud, AI, blockchain) are transforming accounting by automating tasks, improving accuracy, and enabling real-time reporting.
All these technologies (cloud, AI, blockchain) are transforming accounting by automating tasks, improving accuracy, and enabling real-time reporting.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A social audit in India under MGNREGA is conducted by:
Correct Answer: Option B
Explanation:
MGNREGA mandates social audit by Gram Sabha with facilitation by social audit units.
MGNREGA mandates social audit by Gram Sabha with facilitation by social audit units.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Indian Accounting Standards' (Ind AS) are issued by:
Correct Answer: Option A
Explanation:
Ind AS are notified by the Ministry of Corporate Affairs under Companies Act.
Ind AS are notified by the Ministry of Corporate Affairs under Companies Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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