The 'GST on Non-Affordable Housing' (other than affordable) is: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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The 'CGU' is the smallest identifiable group of assets that:
Correct Answer: Option C
Explanation:
Definition of CGU per Ind AS 36.
Definition of CGU per Ind AS 36.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A provision for doubtful debts is created in accordance with:
Correct Answer: Option C
Explanation:
Conservatism (prudence) requires anticipating possible losses, hence the provision.
Conservatism (prudence) requires anticipating possible losses, hence the provision.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Contingency Fund' of India is used for:
Correct Answer: Option B
Explanation:
Contingency Fund is at the disposal of the President to meet urgent unforeseen expenditure.
Contingency Fund is at the disposal of the President to meet urgent unforeseen expenditure.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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