Zero-Based Budgeting (ZBB) requires managers to: MCQ with Answer and Explanation
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Question #1
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The 'TDS on benefit or perquisite' under Section 194R is at the rate of:
Correct Answer: Option B
Explanation:
TDS at 10% on value of benefit/perquisite exceeding ₹20,000 in a year.
TDS at 10% on value of benefit/perquisite exceeding ₹20,000 in a year.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In the context of PFMS, what is the role of the 'Controller General of Accounts' (CGA)?
Correct Answer: Option C
Explanation:
The CGA is the principal accounts adviser to the Government of India and is responsible for maintaining the accounts of the Union Government.
The CGA is the principal accounts adviser to the Government of India and is responsible for maintaining the accounts of the Union Government.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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In a piecemeal distribution of cash during the dissolution of a partnership firm, which method is typically used?
Correct Answer: Option C
Explanation:
When cash is realized in installments during dissolution, it is distributed using either the Maximum Loss Method or the Surplus Capital (Proportionate Capital) Method to ensure partners' capital accounts are correctly adjusted.
When cash is realized in installments during dissolution, it is distributed using either the Maximum Loss Method or the Surplus Capital (Proportionate Capital) Method to ensure partners' capital accounts are correctly adjusted.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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