The 'e-Way Bill' validity for distance up to 100 km is: MCQ with Answer and Explanation

The 'e-Way Bill' validity for distance up to 100 km is:
A. 1 day
B. 5 days
C. 3 days
D. 2 days
Answer: Option A
Solution (By JKSSB Mock Tests)
For up to 100 km, e-way bill is valid for 1 day.

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Practice More Accountancy and Book Keeping Questions

Question #1
The 'Concept of Prudence' under Ind AS is:
A. An overriding principle
B. Always applied
C. Not specifically identified as a separate concept; neutrality overrides prudence
D. A fundamental accounting assumption

Correct Answer: Option C


Explanation:
The Conceptual Framework under Ind AS/IFRS does not include prudence as a separate qualitative characteristic; it emphasises neutrality.

Question #2
Which of the following is NOT an advantage of Zero Based Budgeting?
A. Prevents arbitrary budget inflation
B. Fosters efficient resource allocation
C. It is less time-consuming than traditional budgeting
D. Eliminates redundant expenses

Correct Answer: Option C


Explanation:
ZBB is actually heavily time-consuming because it requires managers to justify every single expenditure from scratch annually.

Question #3
In the absence of a Partnership Deed, what is the rate of interest on capital provided to partners?
A. 9% p.a.
B. 6% p.a.
C. 12% p.a.
D. No interest is allowed

Correct Answer: Option D


Explanation:
According to the Indian Partnership Act, 1932, if there is no deed, no interest on capital is allowed to any partner.