The 'Net Profit Margin' is: MCQ with Answer and Explanation

Question
The 'Net Profit Margin' is:
A. EBIT / Net sales
B. Operating profit / Net sales
C. Gross profit / Net sales
D. Net profit / Net sales
Answer: Option D
Solution (By JKSSB Mock Tests)
Net profit margin reflects overall profitability after all expenses.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Question #1
The 'Virtual Digital Assets' (VDA) are taxed under Income Tax at:
A. 10%
B. Normal slab rates
C. 30% (plus surcharge and cess)
D. 20%
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Correct Answer: Option C

Explanation:
Income from transfer of VDAs like cryptocurrency is taxed at 30% flat rate.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'Component Accounting' is required under:
A. AS 15
B. Ind AS 16 / AS 10
C. AS 2
D. AS 13
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Correct Answer: Option B

Explanation:
Ind AS 16 requires significant parts of an asset to be depreciated separately.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
In the context of recent developments, what is the full form of 'Ind-AS'?
A. International Accounting Standards
B. Indian Audit Standards
C. Internal Accounting System
D. Indian Accounting Standards
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Correct Answer: Option D

Explanation:
Ind-AS stands for Indian Accounting Standards, which are the standards converged with IFRS (International Financial Reporting Standards) and notified under the Companies Act.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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