The 'Prior Period Items' are shown in: MCQ with Answer and Explanation
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Question #1
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The 'E-Commerce Operator' under GST is required to:
Correct Answer: Option C
Explanation:
E-commerce operators must collect TCS at 1% on net taxable supplies made through their platform.
E-commerce operators must collect TCS at 1% on net taxable supplies made through their platform.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Cash Budget' primarily helps in:
Correct Answer: Option A
Explanation:
Cash budget forecasts cash receipts and payments to ascertain cash surplus or deficit.
Cash budget forecasts cash receipts and payments to ascertain cash surplus or deficit.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Under AS 19 'Leases', a lease is classified as finance lease if:
Correct Answer: Option C
Explanation:
Finance lease transfers substantially all risks and rewards of ownership to the lessee.
Finance lease transfers substantially all risks and rewards of ownership to the lessee.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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