The 'Investment in Associates' (Ind AS 28) is accounted for using: MCQ with Answer and Explanation
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Question #1
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Social accounting primarily focuses on:
Correct Answer: Option D
Explanation:
Social accounting measures and reports the social, environmental, and economic effects of business activities on the community.
Social accounting measures and reports the social, environmental, and economic effects of business activities on the community.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The Central Board of Direct Taxes (CBDT) functions under which department of the Ministry of Finance?
Correct Answer: Option B
Explanation:
CBDT handles direct tax administration and forms part of the Department of Revenue.
CBDT handles direct tax administration and forms part of the Department of Revenue.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a direct tax levied and collected by the Union Government?
Correct Answer: Option A
Explanation:
Income tax is a direct tax collected by the Central Government. (GST is indirect, excise duty is indirect, sales tax is state indirect).
Income tax is a direct tax collected by the Central Government. (GST is indirect, excise duty is indirect, sales tax is state indirect).
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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