The 'TDS on transfer of virtual digital assets' under Section 194S is: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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Under the Indian Financial System, 'Commercial Paper' is issued by:
Correct Answer: Option C
Explanation:
Commercial Paper is an unsecured short-term debt instrument issued by large corporations with high credit ratings to meet short-term funding needs.
Commercial Paper is an unsecured short-term debt instrument issued by large corporations with high credit ratings to meet short-term funding needs.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In a voucher system, which voucher is used to record credit sales?
Correct Answer: Option D
Explanation:
Credit sales involve no immediate cash, so a journal voucher (non-cash voucher) is used to record the transaction.
Credit sales involve no immediate cash, so a journal voucher (non-cash voucher) is used to record the transaction.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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A 'Secret Reserve' is created by:
Correct Answer: Option C
Explanation:
Secret reserve is created by showing lower profits, like undervaluing stock or overstating provision, not disclosed in balance sheet.
Secret reserve is created by showing lower profits, like undervaluing stock or overstating provision, not disclosed in balance sheet.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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