The 'Section 194O' (TDS on e-commerce) rate is: MCQ with Answer and Explanation
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Question #1
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The 'Constitutional Amendment' that paved way for GST was:
Correct Answer: Option A
Explanation:
The Constitution (One Hundred and First Amendment) Act, 2016 introduced GST.
The Constitution (One Hundred and First Amendment) Act, 2016 introduced GST.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In a piecemeal distribution of cash during the dissolution of a partnership firm, which method is typically used?
Correct Answer: Option A
Explanation:
When cash is realized in installments during dissolution, it is distributed using either the Maximum Loss Method or the Surplus Capital (Proportionate Capital) Method to ensure partners' capital accounts are correctly adjusted.
When cash is realized in installments during dissolution, it is distributed using either the Maximum Loss Method or the Surplus Capital (Proportionate Capital) Method to ensure partners' capital accounts are correctly adjusted.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Peer Review' of audit firms is conducted by:
Correct Answer: Option A
Explanation:
ICAI has a Peer Review Board to ensure quality of audit services.
ICAI has a Peer Review Board to ensure quality of audit services.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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