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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Who are non resident? |
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| 2. |
Who are resident but not ordinary resident? |
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| 3. |
What are the basic and additional conditions for Resident and ordinarily resident (ROR)? |
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| 4. |
Does the tax liability of an individual get affected due to his residential status? If yes, explain. |
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| 5. |
How will you decide the residential status of an individual? |
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| 6. |
At what rate firms are required to pay tax on their income? |
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| 7. |
How many heads are there under total income? Name them. |
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| 8. |
What do you understand by total income? |
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| 9. |
Who is an assessee? |
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| 10. |
Define the term person? |
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| 11. |
Differentiate between Financial Year, Assessment Year and Previous Year? |
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| 12. |
Define financial year? |
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| 13. |
Define Previous Year. |
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| 14. |
Define Assessment Year. |
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| 15. |
What is income tax? How is it calculated? |
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| 16. |
What steps would you take to locate the errors in case Trial Balance disagrees? |
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| 17. |
What are the reasons which cause pass book of the bank and your bank book not tally? |
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| 18. |
What is Trial Balance? What does an accurate Trial Balance suggest? |
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| 19. |
What are control ledgers? What are the purposes of maintaining it? |
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| 20. |
Explain Purchase day book. |
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| 21. |
List the type of transactions entered in Journal proper. |
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| 22. |
Explain Compound Journal Entry. |
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| 23. |
What is Journalizing? What are the columns of a journal? |
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| 24. |
What is capitalization? What is its importance? |
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| 25. |
What is cost accountancy? What are the objects of Cost Accountancy? |
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| 26. |
What are the important things to be remembered while preparing a bank reconciliation statement? |
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| 27. |
What are the various systems of Accounting? Explain them. |
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| 28. |
Compare Financial Accounting and Cost Accounting. |
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| 29. |
Explain Financial Accounting. What are its characteristic features? |
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