Practice Accounts Questions and Answers

• A type of market in which securities with less than one year maturity are traded, is classified as
• How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
• ICDS III deals with which of the following:
• Ind AS 7 deals with which of the following:
• The term ‘ Previous year’ is defined under which section of Income Tax Act?
• The audit that is made compulsory under statute is called _________.
• Preliminary expenses are the best example for _________.
• The main object of the audit of the cash book may be ________.
• As per Income Tax Act, Children education allowance is exempt upto?
•   ICDS III deals with which of the following:
• Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
• Which term refers to the specific rate of interest carried by a bond?
• Who among the following can issue Certificate of Deposits to raise short term resources?
• A type of market where debt and stocks are traded and maturity period is more than a year is known as
• Ind AS 7 deals with which of the following:
• The term ‘ Previous year’ is defined under which section of Income Tax Act?
• __________ is a systematic examination of the books and records or a business
• This kind of audit is conducted generally between two annual audit ______.
• Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
• Voucher relates to _________.
•   Internal auditor is appointed by ________.
• Auditing begins where ______ ends.
• How much deduction under section 80TTA of Income Tax Act is allowed?
• GeM is characterized by which of these three core elements?
• What is the significance of GeM Analytics in the Government e-Marketplace?
• Who will notify the rate of tax to be levied under CGST Act?
• Which of the following taxes will be levied on imports?
• Value of supply under section 15(1) is:
• Within how many days a person should apply for registration?
• Family Pension is taxable under which head of Income?
• As per Income Tax Act, Children hostel allowance is exempt upto?
• How much deduction under section 24(a) of Income Tax Act is allowable with respect to Income under the head house property?
• Process costing is suitable for
• Indirect material used in production is classified as
• The new concept of One Person Company (OPC) introduced by the Companies Act, 2013 provides that OPC should be registered as a _____________ type of company...
• In which document of the company is the purpose or objective of its incorporation mentioned, as per the Companies Act?
• What is the maximum number of people that can be offered securities for subscription through private placement in a single financial year?
• The work of one clerk is automatically check by another clerk is called _________.
• The most difficult type of misstatement to detect fraud is based on __________.
• Which report will be submitted by an auditor, if he is dissatisfied regarding the facts and information?