Q.72 Deduction u/s 80E in respect repayment of loan for higher education shall be allowed for the initial assessment year and _______ assessment years immediately succeeding the initial assessment year or until interest is paid by the assessee ...
RankiQ Discuss Latest Questions
Q.70 TDS stands for:Ans A. Tax Deducted at SourceB. Tax Declared at SourceC. Tax Deductible as StatedD. Tax Declared as StatedCorrect Ans Provided: A
Q.73Ans A.B.C.D.Correct Ans Provided: A
Q.74 Which of the Bases of Apportionment of Expenses are correct with respect to departmental accounts? (i) Depreciation of machinery on value of machinery.(ii) Insurance on stock on the value of stock.(iii) Rent is apportioned based on ...
Q.69Ans A.B.C.D.Correct Ans Provided: A
Q.75 Which of the following are regarded as ‘Need of Bank Reconciliation Statement’? (i) It helps to understand the actual bank balance.(ii) It helps to identify the mistakes in the Cash Book and the Passbook.(iii) It helps ...
Q.71 For Wasting Assets like mines, quarries, oil wells, etc., which of the methods of depreciation is advisable?Ans A. Annuity methodB. Diminishing balance methodC. Straight line methodD. Depletion methodCorrect Ans Provided: D
Q.64 The term ‘___________’ means any amount written off or retained by way of providing depreciation, renewals or diminution in the value of assets or retained by way of providing for any known liability the amount of which ...
Q.51 With respect to verification of assets and liabilities, which of the following statements is/are correct? (i) Only the vouching to ascertain the arithmetical accuracy is not enough, the auditor is supposed to go beyond that while doing audit.
Q.50 A Bill of Exchange has which of the following characteristics? (i) It must be in writing.(ii) It must be dated.(iii) It must contain an order to pay a certain sum of money.Ans A. Only (i) and ...
