Question
Statement: Should the government revoke the GST and
bring in the previous tax regime? Argument I: Yes, the state governments are unable to recover the tax revenues in order to meet their fiscal expenditure. Argument II: No, there is always hassle in the beginning of new law. Things will settle in once people get used to it. Each question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument. Give answer:Solution
The correct answer is B
What type of reinsurance contract allows an insurer to cede a fixed percentage of all policies to a reinsurer in return for proportionate claims and pre...
An Indian company importing software from a foreign vendor must deduct TDS under which section?
If the company earned revenue from operations of Rs.18 lakh, what is the trade receivables turnover ratio of the company?
A company has opening inventory of ₹1,50,000 and closing inventory of ₹2,50,000. Purchases during the year were ₹10,00,000. What is the Inventory ...
Relevant costs are:
In relation to Accounting Standards, Which of the following statement is incorrect?
With respect to AS: 19 (Leases), which of the following statement is incorrect?
A company manufactures goods with normal loss of 5%. In one batch, due to worker negligence, loss rose to 12%. At what level should inventory be valued?
Calculate Economic order quantity from the following data.
Annual consumption = 10,000 units
Carrying cost = 8%
Cost per unit = Rs....
If Return on Capital Employed (ROCE) = 12% and Capital Employed = ₹50,00,000, then Operating Profit is:
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