Question
Statement: The government has raised import duty on a
slew of electronic products, including mobile phone, television sets, digital cameras and microwave ovens. Assumption: 1) . Government took this step to curb overseas supplies. 2).Government took this step to encourage local manufacturing In each question below is given a statement followed by two assumptions numbered 1 and 2. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statementSolution
Solution: Assumption of the government raising import duty was to curb overseas supplies and local manufacturing so both I and II are implicit.
In a Letter of Credit (LC) transaction, which entities typically play a role in addition to the issuing bank, advising bank, and beneficiary?
The scheme under which the complaints related to digital payments can be resolved is _______
For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
What does Standard Costing help in?
On purchase of old furniture, the amount of â‚ą1,000 spent on its repair should be debited to:
A company’s warehouse was damaged by fire after the balance sheet date but before the approval of accounts. Under Ind AS 10, this is:
An Indian citizen who stays in India for less than how many days during a financial year is considered a Non-Resident Indian (NRI)?
A ________ is not an actual contract but it resembles a contract. In other words, it is a contract in which there is no intention on part of either part...
The expired portion of capital expenditure is shown in the financial statements as:
Concurrent audit is a part of:
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