The 'Place of Supply' for inter-state supply is: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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Working capital is calculated as:
Correct Answer: Option A
Explanation:
Working capital = Current assets - Current liabilities.
Working capital = Current assets - Current liabilities.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A direct collection of a dividend by the bank on behalf of the customer, not recorded in the Cash Book, will require:
Correct Answer: Option A
Explanation:
The collection increases the Pass Book balance. To reach the un-updated Cash Book balance, this amount must be deducted from the Pass Book.
The collection increases the Pass Book balance. To reach the un-updated Cash Book balance, this amount must be deducted from the Pass Book.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is not an external user of accounting information?
Correct Answer: Option B
Explanation:
Management is an internal user. External users include investors, government, suppliers, creditors, etc.
Management is an internal user. External users include investors, government, suppliers, creditors, etc.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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