The 'Transfer Pricing' regulations in India are contained in: MCQ with Answer and Explanation
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Question #1
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Capital loss can be carried forward for:
Correct Answer: Option B
Explanation:
Capital losses (short-term and long-term) can be carried forward for 8 years.
Capital losses (short-term and long-term) can be carried forward for 8 years.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In standard costing, if the actual material mix is changed due to a shortage of a specific material, how should the Material Mix Variance be calculated?
Correct Answer: Option D
Explanation:
When there is a shortage of a material and the actual mix is altered, the Material Mix Variance must be calculated using the Revised Standard Mix, not the original standard mix.
When there is a shortage of a material and the actual mix is altered, the Material Mix Variance must be calculated using the Revised Standard Mix, not the original standard mix.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is a revenue expenditure?
Correct Answer: Option A
Explanation:
Annual repairs are recurring and maintain existing asset's earning capacity, hence revenue expenditure. Others are capital expenditures.
Annual repairs are recurring and maintain existing asset's earning capacity, hence revenue expenditure. Others are capital expenditures.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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