Which formula determines the Return on Equity (ROE)? MCQ with Answer and Explanation
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Question #1
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The 'Tax Deduction at Source' (TDS) certificate for salary is Form:
Correct Answer: Option D
Explanation:
TDS on salary is certified through Form 16.
TDS on salary is certified through Form 16.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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S1: Income Tax is a direct tax. S2: Income Tax is levied by the State Governments in India. Which statement(s) is/are correct?
Correct Answer: Option B
Explanation:
Income Tax is a direct tax levied on the income of individuals and entities. However, it is levied and collected by the Central Government, not the State Governments. S1 is correct, S2 is incorrect.
Income Tax is a direct tax levied on the income of individuals and entities. However, it is levied and collected by the Central Government, not the State Governments. S1 is correct, S2 is incorrect.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Provision for Bad Debts' is created by:
Correct Answer: Option B
Explanation:
The adjusting entry: P&L A/c Dr. To Provision for Bad Debts.
The adjusting entry: P&L A/c Dr. To Provision for Bad Debts.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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