The 'Threshold Limit' for mandatory e-invoicing under GST for B2B transactions is aggregate turnover exceeding: MCQ with Answer and Explanation
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Question #1
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The 'Provisional Assessment' under GST can be requested when:
Correct Answer: Option A
Explanation:
Provisional assessment under Section 60 allows payment of tax on a provisional basis when valuation/rate is uncertain.
Provisional assessment under Section 60 allows payment of tax on a provisional basis when valuation/rate is uncertain.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Earnings Per Share' (EPS) as per AS 20 is computed as:
Correct Answer: Option C
Explanation:
Basic EPS = (Net profit - Preference dividend) / Weighted average equity shares.
Basic EPS = (Net profit - Preference dividend) / Weighted average equity shares.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Assertion (A): A Bank Reconciliation Statement is a part of the books of accounts. Reason (R): It is prepared to find out the correct bank balance. Choose the correct option:
Correct Answer: Option A
Explanation:
BRS is not a part of books of accounts; it's a memorandum statement. R is true.
BRS is not a part of books of accounts; it's a memorandum statement. R is true.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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