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- Question
ETCS means
Options- A. Electronic Tax Collected at Source
- B. Electric Tax Collected at Source
- C. Enable Tax Collected at Source
- D. Electrical Tax Collected at Source
- Correct Answer
- Electronic Tax Collected at Source
ExplanationTax Collected at Source (TCS) is income tax collected in India payable by the seller who collects in turn from the buyer and it is provided under section 206C of Income Tax Act, 1961 at the sale of some goods which are specified.
E - TCS is the process of filing TCS returns through electronic media. It is necessary for government and corporate collectors to file TCS returns in its electronic form. Collectors (other than government) have the provision to file TCS returns in physical form or electronic form.
- 1. The largest component of National Income in India is ____ ?
Options- A. Service Sector
- B. Industrial Sector
- C. Agriculture Sector
- D. Trade Sector Discuss
- 2. What do you mean by invoice on hold? Discuss
- 3. What are steps to define supplier? Discuss
- 4. Which Bank has been given scheduled bank status by RBI ?
Options- A. Disha
- B. Suryoday
- C. Janalakshmi
- D. Ujjivan Discuss
- 5. NPA in banking terminology implies ______.
Options- A. Net Performing Assets
- B. New Performing Assets
- C. Non-Performing Assets
- D. New Pension Act Discuss
- 6. What is the full form of SOX and what does it means in Accounting ? Discuss
- 7. Which among the following is an asset for a bank?
Options- A. The loans disbursed by Bank to its customers
- B. Cash Deposits of Customers
- C. Investments made by Bank?s customers in its financial Products
- D. All of the above Discuss
- 8. When an already listed organisation makes fresh issue of securities to the public, it is known as ________.
Options- A. IPO
- B. Preferential Issue
- C. Rights Issue
- D. FPO Discuss
- 9. Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?
Options- A. Janalakshmi
- B. Utkarsh
- C. Suryoday
- D. None Discuss
- 10. When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with
Options- A. The Court
- B. The Banker
- C. The Debtor
- D. All the above Discuss
Accounting and Finance problems
Search Results
Correct Answer: Service Sector
Explanation:
The largest component of National income is service sector.
Correct Answer: Invoice holds are 2 types 1)Sytem Hold 2) User Defined Holds Sytem Holds: Sytem holds the invoice if the Invoice Amt total is not equal to Invoice Distribution Amt To release the hold correct the amount and again validate the invoice User Defined Holds: These is defined by user If we do want to make payments to the validated invoice Go to particular invoice and apply hold going to Holds tab
Correct Answer: Supplier should follow the check list 1 He should create confidence in the client mind 2 Services to be done (fulfilled in time) 3 Services to be done according the specification of the client 4 He should be placed the another order by doing the above three steps
Correct Answer: Ujjivan
Explanation:
Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.
Correct Answer: Non-Performing Assets
Correct Answer: Sarbanes Oxley Act Otherwise known as Public companies Accounting reforms and investor protection Act It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures
Correct Answer: The loans disbursed by Bank to its customers
Explanation:
Asset means anything that can be converted into cash. Here in banks, the loans disbursed by Bank to its customers is considered as assets because when they are cleared by them, then they are directly converted to cash.
Correct Answer: FPO
Explanation:
FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.
Correct Answer: Suryoday
Correct Answer: The Debtor
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