Question 1

…………..is an Indirect Tax which has replaced many indirect taxes in India.

Accepted Answer

A) GST 
B) Income Tax 
C) IGST 
D) Service Tax 
A) GST 
B) Income Tax 
C) IGST 
D) Service Tax

Question 2

GST stands for………….

Accepted Answer

A) Goods and service tax. 
B) Government Service tax 
C) God down Surcharge 
D) B and C 
A) Goods and service tax. 
B) Government Service tax 
C) God down Surcharge 
D) B and C

Question 3

Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.

Accepted Answer

A) Liabilities 
B) Current Assets 
C) Education Fund 
D) Fixed Assets 
A) Liabilities 
B) Current Assets 
C) Education Fund 
D) Fixed Assets

Question 4

Goods sent by the head office at the end of the year but not received by Branch before the year ended is known as

Accepted Answer

A) goods in transit 
B) loss by fire 
C) shortage. 
D) loss 
A) goods in transit 
B) loss by fire 
C) shortage. 
D) loss

Question 5

………….method of branch accounting is usually adopted when the branch is of the small size.

Accepted Answer

A) Treading. 
B) Balance sheet 
C) memorandum 
D) debtors 
A) Treading. 
B) Balance sheet 
C) memorandum 
D) debtors

…………..is an Indirect Tax which has replaced many indirect taxes in India.

GST stands for………….

Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.

Goods sent by the head office at the end of the year but not received by Branch before the year ended is known as

………….method of branch accounting is usually adopted when the branch is of the small size.

Accounting Standards and Reporting in India

Banking Regulations and Accounting Practices in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters

Exam 5: Accounting and Financial Terms and Concepts

…………..is an Indirect Tax which has replaced many indirect taxes in India.

GST stands for………….

Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.

Goods sent by the head office at the end of the year but not received by Branch before the year ended is known as

………….method of branch accounting is usually adopted when the branch is of the small size.

Accounting Standards and Reporting in India

Banking Regulations and Accounting Practices in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters