The 'Termination Benefits' under Ind AS 19 are recognised: MCQ with Answer and Explanation
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Question #1
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Under 'Operating Lease', the asset is shown in the books of:
Correct Answer: Option B
Explanation:
In operating lease, lessor retains ownership and asset is in his books.
In operating lease, lessor retains ownership and asset is in his books.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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GST is a destination-based tax. This means:
Correct Answer: Option A
Explanation:
Under destination principle, the consuming state gets the SGST portion.
Under destination principle, the consuming state gets the SGST portion.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which constitutional body recommends the distribution of net proceeds of taxes between the Union and the States?
Correct Answer: Option C
Explanation:
Constituted under Article 280, the Finance Commission makes recommendations regarding the sharing of tax revenues.
Constituted under Article 280, the Finance Commission makes recommendations regarding the sharing of tax revenues.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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