The 'Share Based Payments' (Ind AS 102) require equity-settled transactions to be measured at: MCQ with Answer and Explanation
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Question #1
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The primary objective of PFMS in India is to facilitate:
Correct Answer: Option B
Explanation:
PFMS ensures transparency, tracking of fund utilization down to the lowest level, and Direct Benefit Transfers directly into beneficiaries' accounts.
PFMS ensures transparency, tracking of fund utilization down to the lowest level, and Direct Benefit Transfers directly into beneficiaries' accounts.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The term 'Debtors' represent:
Correct Answer: Option B
Explanation:
Debtors are persons/entities who owe money to the business for goods/services provided on credit.
Debtors are persons/entities who owe money to the business for goods/services provided on credit.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The primary purpose of preparing a Profit and Loss Account is to find out:
Correct Answer: Option C
Explanation:
The P&L account deduces all indirect expenses from the gross profit to ascertain the final Net Profit or Loss for the period.
The P&L account deduces all indirect expenses from the gross profit to ascertain the final Net Profit or Loss for the period.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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