The 'Tax Information Network' (TIN) in India is managed by: MCQ with Answer and Explanation

Question
The 'Tax Information Network' (TIN) in India is managed by:
A. CBDT
B. GSTN
C. RBI
D. NSDL
Answer: Option D
Solution (By JKSSB Mock Tests)
TIN was established by NSDL for collection, processing, and monitoring of TDS.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Practice More Accountancy and Book Keeping Questions

Question #1
Which of the following is considered an investing activity in a cash flow statement?
A. Cash received from customers
B. Issue of shares
C. Payment of dividend
D. Purchase of machinery
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Correct Answer: Option D

Explanation:
Investing activities involve the acquisition and disposal of long-term assets and other investments not included in cash equivalents.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The process of transferring entries from the Journal to the respective accounts is called:
A. Journalising
B. Posting
C. Summarising
D. Balancing
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Correct Answer: Option B

Explanation:
Posting is the technical term for transferring debit and credit amounts from the journal to the appropriate ledger accounts.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The maximum number of members in a public company is:
A. 100
B. 200
C. No limit
D. 50
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Correct Answer: Option C

Explanation:
Public company has no maximum limit on number of members.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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