FSCHOOL 04

DEBTS WHICH ARE REPAID WITHIN A SHOR PERIOD (ONE YEAR OR LESS) ARE CALLED…...

• CURRENT LIABILITIES

• LONG TERM LIABILITIES

• FIXED LIABILITIES

ANY WRITTEN EVIDENCE IN SUPPORT OF A BUSINESS TRANSACTION IS CALLED….

• JOURNAL

• LEDGER

• VOUCHER

WHICH OF THE FOLLOWING IS NOT CONSIDERED AS SUBSIDIARY BOOKS

• CASH BOOK

• BANK BOOK

• CHEQUE REGISTER

MAXIMUM RATE OF GST PRESCRIBED BY LAW FOR INTERSTATE TRANSACTION

• 18%

• 28%

• 40%

EXPAND GSTN

• GOODS AND SERVICES TAX NUMBER

• GOODS AND SERVICES TAX NETWORK

• GOODS AND SERVICES TAX NOMINATION

GST IS APPLICABLE FOR …....

• SERVICES

• GOODS

• BOTH GOODS AND SERVICES

WHICH OF THE FOLLOWING STATEMENT IS INCORRECT

• GST IS AN INDIRCET TAX

• ALL SERVICES ARE EXEMPTED UNDER GST

• IGST IS APPLICABLE FOR INTERSTATE TRANSACTIONS

IN THE CASE OF SUPPLY OF EXEMPTED GOODS , THE REGISTERED PERSON SHALL ISSUE 

• A TAX INVOICE

• A BILL OF SUPPLY

• A RECEPT VOUCHER

CGST INPUT TAX CREDIT CANNOT BE CLAIMED AGAINST WHICH OUTPUT TAX LIABILITY

• CGST 

• IGST 

• SGST

DEPRECIATION WILL REDUCE THE VALUE OF A FIXED ASSET

• TRUE

• FALSE