
Accounts of Companies Nov'23 Full MCQs

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Professional Development
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Shubham Singhal
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For FY commencing after 1st April 2023, the following is NOT the required features of accounting software used for maintaining books of accounts in e-records
Recording audit trail
Ensuring audit trail cannot be disabled
creating edit log of each change and the date of such changes
ability to auto-lock itself at the end of session
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In case of branch office, the books of accounts can be maintained at ____ and periodical summarised returns is to be sent to the company at ______
RO; RO
Branch office; RO or any other place where BoA is kept
any place in India, RO
None of the above
Answer explanation
Please remember - Even if the branch is outside India, the BoA can be maintained at such place outside India. Only condition is that periodical summarized returns is sent at Registered office or the place where BoA is kept in India :)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Generally speaking, BoA shall be preserved ___
Permanently
For the 8 FY immediately preceding a FY
For as long as the company deems fit
for as long as the CG may prescribe
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not responsible for compliance of Sec 129 i.e., Financial Statement
MD
WTD in charge of finance
CFO
Whole time company secretary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Application for reopening the BoA and recasting the FS may be made by:
CG
SEBI
Income Tax Authority
Any of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
NFRA may undertake inestigation of auditors of unlisted company having:
PUSC >= 500 crores
Turnover >= 1000 crores
Outstanding Loans, Debentures >= 500 crores
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial statement shall be signed by:
Chairperson
CEO
CFO
All of the above
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