The 'Final Dividend' is recommended by: MCQ with Answer and Explanation

Question
The 'Final Dividend' is recommended by:
A. Auditors
B. Registrar
C. Shareholders
D. Board of Directors
Answer: Option D
Solution (By JKSSB Mock Tests)
Board recommends final dividend, which is then approved by shareholders in AGM.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Practice More Accountancy and Book Keeping Questions

Question #1
The 'Significant Economic Presence' (SEP) concept was introduced in India to:
A. Simplify tax
B. Tax non-resident digital companies based on economic engagement
C. Encourage FDI
D. Reduce tax on foreigners
Discuss
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Correct Answer: Option B

Explanation:
SEP deems a business connection if a non-resident has significant economic presence, even without physical presence.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Under PFMS, the hierarchy of fund flow tracking ensures that funds meant for a village panchayat can be monitored by:
A. The World Bank
B. Only the state government
C. Only the village sarpanch
D. The central ministries, state departments, and executing agencies simultaneously
Discuss
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Correct Answer: Option D

Explanation:
PFMS is a web-based tracking system that provides end-to-end visibility of fund flow, accessible across all levels of government hierarchy.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Section 40A(3)' disallows expenditure in excess of:
A. No limit
B. ₹1,00,000
C. ₹10,000 paid in cash per day to a person
D. ₹2,000
Discuss
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Correct Answer: Option C

Explanation:
Payment exceeding ₹10,000 in cash for expenses is disallowed, with certain exceptions.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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