WorksheetsSPECTRUM THEORY QUIZ - 7
Total questions: 20
Worksheet time: 11mins
Closing stock is shown in final accounts at
Cost price
Market price
Cost price or market price which ever is less
Cost price or market price which ever is high
Net sales: 6,00,000, GP: 25% on cost. Calculate GP and CGS?
GP: 120000, CGS: 480000
GP: 500000, CGST: 320000
GP:100000, CGS:500000
TDS is deducted on the capital expenditure(installation services)incurred on purchase of fixed assets…..
TRUE
FALSE
If TDS is deducted from the resident company in July 2022, then what will be the due date to make a tax payment to the government
7th August 2022
7th July 2022
7th June 2022
If the TDS is deducted on 5th August 2022 and the TDS payment made to the department on 30th September 2022. what is the interest rate on TDS late payment
3%
1.5%
1%
TCS payment is made to the govt using which of the following income tax challan
ITNS 281
IT 281
none of the above
which of the following is a valid structure of TAN
ABCD12345A
ABCDE1234A
ABC123456A
EDLI is associated with …..
ESI
NPS
Provident fund
Profit on sale of assets is used to create….
General reserve
Specific reserve
Capital reserve
SWIFT stands for
Society for Worldwide Interbank Financial Telecommunications
Service for Worldwide International Financial Telecommunications
Society for Worldwide International Telecommunications
what is the salary limit for ESI 2023?
21000
18000
15000
Which certificate is issued for the TDS from income chargeable under the head 'salaries'?
Form 16
Form16A
Form 16B
RTGS transactions only be performed if the amount to be transferred is more than……
2 LAKH
1.5 LAKH
20000
Cheque which are at least 90 days old are called ……
Stale cheque
Mutilated cheque
Crossed cheque
what are the ITR forms for individuals
ITR 1,ITR2,ITR3,ITR4
GSTR1,GSTR3B,GSTR9C
NONE OF THESE
Tax payers who opt under presumptive taxation scheme should file ITR in …. Form
ITR4
ITR1
ITI 4
When corporate tax is applicable in UAE…..
2023 June 1
2023 July 1
2022 June 1
which county not include in GCC?
UAE
Qatar
Egypt
Saudi Arabia
Starting from…. The ministry of corporate affairs (MCA) has made it mandatory for companies to maintain an audit trail for all their transactions
1st April 2023
1st June 2023
31st march 2023
Which are the three important financial statements?
Trial balance, Trading and P/L a/c, Balance sheet
Trading and P/L a/c, B/S, Cash flow
Cash flow, Balance sheet , Trial balance
