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Practice Accounts Questions and Answers

GSTN is a?
What is the taxable event under GST?
A supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts the highest rate of tax.
While calculating the claim outstanding at the end, which claims are considered?
With respect to Insurance Accounting, what is the appropriate adjustment entry based on the provided information? A) Claims intimated and accepted but not ...
What does the term "Surrender Value" signify in the context of insurance policies?
Life Insurance Contact is a contact of:
An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
Which of the following is true?
Goods costing ₹ 1,00,000 were insured for ₹ 50,000. Out of these goods, ¾ are destroyed by fire. The amount of claim with average clause will be:...
If the policy is without average clause, a claim for loss of profit will be?
What is the safety margin that insurers must maintain to safeguard the interests of policyholders called?
If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
Interest payable by a non-corporate assessee for deferment of advance tax is
Which of the following assessee is not liable to pay advance tax u/s 207?
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
What types of products and services can be procured through GeM?
Can micro and small enterprises (MSEs) benefit from GeM?
If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
Interest payable by a non-corporate assessee for deferment of advance tax is
Which of the following assessee is not liable to pay advance tax u/s 207?
What duties are taxes on intra-State supplies?
Which of the below import duties would be imposed?
According to the Standards of Auditing, the "Documentation" aspect is dealt with:
Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
NPV assumes reinvestment of the cash flows at:
An annuity that starts at a predetermined date in the future is called as:
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
An assessee is required to deposit how much % of advance tax liability on or before 15th June?
As per taxation terminology, Income of a particular year is taxable in the immediately following year. Immediate following year is called as …………�...
If the company earned revenue from operations of Rs.18 lakh, what is the working capital turnover ratio of the company?
If the company earned revenue from operations of Rs.18 lakh, what is the trade receivables turnover ratio of the company?
A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number of days...
Which of the following is not a tool of financial statement analysis?
Under which method of depreciation, the value of a fixed asset is reduced uniformly over its useful life?
The cost of capital for a firm _______.
Calls in arrear is shown in Balance Sheet as?
The DuPont Analysis uses the following ratios except:

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