Who has been appointed as the next High Commissioner of India to Malawi?
A. M Venkateswar
B. KS Trimurthi C. S Gopalakrishnan D. R Shakuntala
A. M Venkateswar
B. KS Trimurthi C. S Gopalakrishnan D. R Shakuntala
Anonymous Quiz
20%
A
26%
B
40%
C
14%
D
How many accounting standards have been issued by ICAI? (a) 16
(b) 24 (c) 32 (d) 2
(b) 24 (c) 32 (d) 2
Anonymous Quiz
11%
a
18%
b
65%
c
6%
d
Which is the last step of accounting as a process of information?
a. Recording of data in the books of accounts
b. Preparation of summaries in the form of financial statements c. Communication of information d. Analysis and interpretation of information
a. Recording of data in the books of accounts
b. Preparation of summaries in the form of financial statements c. Communication of information d. Analysis and interpretation of information
Anonymous Quiz
11%
a
25%
b
28%
c
36%
d
In the context of Funds Flow Analysis, the word “funds” is used to define
(a) NetWorkingcapital
(b) Totalcurrentassets-Totalcurrentliabilities (c) Both a and b (d) None of the above
(a) NetWorkingcapital
(b) Totalcurrentassets-Totalcurrentliabilities (c) Both a and b (d) None of the above
Anonymous Quiz
23%
a
17%
b
54%
c
7%
d
A company has, by the end of its financial period, paid out more Tax than it has to pay. How would this be shown in the balance sheet?
Anonymous Quiz
17%
As an accrual revenue
59%
As a prepaid expense within current assets
15%
As a ‘creditor due within one year’
9%
As a ‘creditor due after more than one year’
Securities premium account is shown on the liabilities side of the balance sheet under the head:
(a) Share capital
(b) ReserveandSurplus (c) Current liabilities (d) Current assets
(a) Share capital
(b) ReserveandSurplus (c) Current liabilities (d) Current assets
Anonymous Quiz
16%
a
65%
b
15%
c
4%
d
A company’s share’s face value is Rs. 10, book value is Rs. 20, Rights issue price is Rs. 30 and Market price Rs. 40, while recording the issue of right share, the securities premium will be credited with
(a)Rs. 10
(b)Rs. 20 (c)Rs. 30 (d)None of the above
(a)Rs. 10
(b)Rs. 20 (c)Rs. 30 (d)None of the above
Anonymous Quiz
31%
a
39%
b
22%
c
9%
d
Account which shows Gross Profit or Gross Loss of the business is called:
(a) ProfitandLossAccount
(b) Balance Sheet (c) Trial Balance (d) TradingAccount
(a) ProfitandLossAccount
(b) Balance Sheet (c) Trial Balance (d) TradingAccount
Anonymous Quiz
29%
a
11%
b
10%
c
50%
d
On debit side of trading Account we record:
(a) DirectExpense
(b) Indirect Expense (c) Both of these (d) None of these
(a) DirectExpense
(b) Indirect Expense (c) Both of these (d) None of these
Anonymous Quiz
50%
a
10%
b
37%
c
3%
d
The unfavourable balance of Profit and Loss account should be (a) Subtractedfromliabilities
(b) Subtractedfromcapital
(c) Subtracted from current assets (d) Added in liabilities
(b) Subtractedfromcapital
(c) Subtracted from current assets (d) Added in liabilities
Anonymous Quiz
16%
a
43%
b
21%
c
20%
d
When a company purchases its own shares out of the free reserves; a sum equal to nominal value of shares so purchased shall be transferred to
(a) Revenueredemptionreserve
(b) Capital redemption reserve (c) Buyback reserve (d) None
(a) Revenueredemptionreserve
(b) Capital redemption reserve (c) Buyback reserve (d) None
Anonymous Quiz
12%
a
60%
b
23%
c
4%
d
Keep Practising✌🏻😊
✨Join: Group
https://t.me/JRF_NETCommerce
✨Join: Channel
https://t.me/JRF_NET_Commerce
Subscribe & Join Chat!!
Signing off for the day!!🥰
Keep Adding Your Friends!!
Stay Tuned For Further Quizzes!!
#StaySafe
#StudyHard
#HaveAnHappyLearning😊
#HappyNights😴
✨Join: Group
https://t.me/JRF_NETCommerce
✨Join: Channel
https://t.me/JRF_NET_Commerce
Subscribe & Join Chat!!
Signing off for the day!!🥰
Keep Adding Your Friends!!
Stay Tuned For Further Quizzes!!
#StaySafe
#StudyHard
#HaveAnHappyLearning😊
#HappyNights😴
Telegram
NTA-UGC-JRF/NET Commerce
🔹Join Here Only If You Are Passionate To Crack JRF/NET/SLET/KSET/TNSET/APSET/TSSET/KPSC/RPSC/KEA
🔹Paper-1(Any Stream)
🔹Paper-2(Commerce/Management)
🔹PHD,Vacancy Of Research Associate/Research Assistant/Assistant Professor
😎Join Me For an Happy Learn
🔹Paper-1(Any Stream)
🔹Paper-2(Commerce/Management)
🔹PHD,Vacancy Of Research Associate/Research Assistant/Assistant Professor
😎Join Me For an Happy Learn
It's is the repetition of Affirmations that leads to Belief, and once that belief becomes a Deep Conviction, things begin to happen...!
#KeepGoing
Happy Morning Everyone 🥰
#KeepGoing
Happy Morning Everyone 🥰
🔖🔖List of important days in February 2021
🔹February 2
World Wetlands Day
🔹February 4
World Cancer Day, International Day of Human Fraternity
🔹February 6
International Day of Zero Tolerance to Female Genital Mutilation
🔹February 10
World Pulses Day
🔹February 11
International Day of Women and Girls in Science
🔹February 13
World Radio Day
🔹February 14
Pulwama attack
🔹February 20
World Day of Social Justice, (3rd Saturday) World Pangolin Day
🔹February 21
International Mother Language Day
🔹February 27
World NGO Day
🔹February 28
National Science Day
Join:✨👉🏻 https://t.me/JRF_NETCommerce
🔹February 2
World Wetlands Day
🔹February 4
World Cancer Day, International Day of Human Fraternity
🔹February 6
International Day of Zero Tolerance to Female Genital Mutilation
🔹February 10
World Pulses Day
🔹February 11
International Day of Women and Girls in Science
🔹February 13
World Radio Day
🔹February 14
Pulwama attack
🔹February 20
World Day of Social Justice, (3rd Saturday) World Pangolin Day
🔹February 21
International Mother Language Day
🔹February 27
World NGO Day
🔹February 28
National Science Day
Join:✨👉🏻 https://t.me/JRF_NETCommerce
🔖🔖PHD/MPHIL Programme Notification
From Banaras Hindu University
Public university in Varanasi, Uttar Pradesh
Join:✨👉🏻 https://t.me/JRF_NETCommerce
From Banaras Hindu University
Public university in Varanasi, Uttar Pradesh
Join:✨👉🏻 https://t.me/JRF_NETCommerce
🔖🔖Uttaranchal University
🎓Phd Notification https://uttaranchaluniversity.ac.in/
Join:✨👉🏻 https://t.me/JRF_NETCommerce
🎓Phd Notification https://uttaranchaluniversity.ac.in/
Join:✨👉🏻 https://t.me/JRF_NETCommerce
🔖🔖Budget2021
🔹Time limit for reopening of assessments to 3 years from the present 6 years
🔹FM says on GST that it has been a big success and there has been a record collection in GST
🔹Budget2021 extends capital gains exemption for Start-Ups by 1yr LIC deduction/To raise Customs Duty on Cotton
🔶NO CHANGES IN INCOME TAX SLAB RATES.
*Direct tax proposals highlights*
1. Relief to senior citizen: for 75 years and above: Having only pension and interest income: exemption from filing ITR: Paying banks will do TDS
2. Reassessment: from 6 years to 3 years
Serious tax evasion cases: where evasion evidence is Rs.50lac or more then reopening within 10 years-
3. Dispute resolution committee: it will be faceless: anyone with total income less than 50 lacs and disputed income less than 10 Lacs can approach this committee
4. Faceless ITAT: faceless ITAT centre will be set where personal hearings will be conducted through VC
5. Tax Audits: digital transactions from 5 cr to 10 cr
6. Advance tax liability on dividend will arise only after declaration of dividend
7. Affordable housing 1.5 lac deduction will now be even available for loan taken till 31.3.2022
8. 80IBA: extended 31.3.2022
9. Tax incentive of affordable renting housing project
10. Pre filled income tax return will have pre filled data regarding Dividend, post office interest income, salary etc.
11. Trusts: educational and hospitals: limit increased from Rs.1 Cr to Rs. 5 crore (10(23C)
12. Late deposit of employee contribution of PF will now be not allowed as deduction.
*All above proposals could be properly analysed once budget documents are released.*
🔖Join:✨👉🏻 https://t.me/JRF_NETCommerce🔖🔖Please find below Highlights of *Union Budget 2021-22*.
*General*
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
*Direct and Indirect tax*
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.
Join:✨👉🏻https://t.me/JRF_NETCommerce📍#GSTUPDATES📍
No more GST audit. Section 35(5) proposed to be omitted by FA 2021. Self certified return will replace the audit report.
Join:✨👉🏻 https://t.me/JRF_NETCommerce
No more GST audit. Section 35(5) proposed to be omitted by FA 2021. Self certified return will replace the audit report.
Join:✨👉🏻 https://t.me/JRF_NETCommerce
Telegram
NTA-UGC-JRF/NET Commerce
🔹Join Here Only If You Are Passionate To Crack JRF/NET/SLET/KSET/TNSET/APSET/TSSET/KPSC/RPSC/KEA
🔹Paper-1(Any Stream)
🔹Paper-2(Commerce/Management)
🔹PHD,Vacancy Of Research Associate/Research Assistant/Assistant Professor
😎Join Me For an Happy Learn
🔹Paper-1(Any Stream)
🔹Paper-2(Commerce/Management)
🔹PHD,Vacancy Of Research Associate/Research Assistant/Assistant Professor
😎Join Me For an Happy Learn