WEEKLY QUIZ 05

WHICH OF THE FOLLOWING IS THE QUARTERLY SELF ASSESMENT FORM OF COMPOSIT DEALERS

• GSTR-4

• CMP-08

• GSTR-9

DECREASE IN THE VALUE OF ASSETS AFTER CONTINUES USAGE OR PASSAGE OF TIME IS KNOWN AS

• DEPRECIATION

• TOLERANCE

• APPRECIATION

EXPAND RCM

• REVERSE CHARGE MECHANISM

• REVENUE CYCLE MANAGEMENT

• RECURRING CLIENT MANAGEMENT

SAC STANDS FOR

• SECURE ACCOUNTING CODE

• SERVICE ACCOUNTING CODE

• SYSTEM ANALYTICAL CODE

WHICH OF THE FOLLOWING IS KNOWN AS 35% CHALLAN METHOD UNDER QRMP SCHEME

• Fixed Sum Method

• Self assessment Method

• Diminishing Balance Method

WHICH OF THE FOLLOWING IS NOT A FINANCIAL STATEMENT

• PROFIT&LOSS A/C

• LEDGER

• BALANCE SHEET

IF THERE ARE EITHER MORE THAN ONE DEBIT OR MORE THAN ONE CREDIT OR BOTH, SUCH JOURNAL ENTRIES ARE CALLED

• MIXED JOURNAL ENTRY

• COMPOUND JOURNAL ENTRY

• SIMPLE JOURNAL ENTRY

PURCHASE A/C IS SHOWN IN THE DEBIT SIDE OF

• BALANCE SHEET

• TRADING A/C

• PROFIT & LOSS A/C

UNDER QRMP SCHEME IFF CAN BE UTILISED ONLY FOR THE FIRST 2 MONTHS OF THE QUARTER

• TRUE

• FALSE

TRANSACTIONS WHICH APPEAR ON BOTH SIDE OF DOUBLE COLUMN CASH BOOK IS KNOWN AS

• RECEIPT

• CONTRA

• JOURNAL