The 'Voucher Number' should be: MCQ with Answer and Explanation

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The 'Voucher Number' should be:

A. Sequential and unique

B. Date-based

C. Same for all

D. Random

Answer: Option A

Solution (By JKSSB Mock Tests)

Vouchers should be numbered serially for control and easy reference.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

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The 'National Financial Reporting Authority' (NFRA) has jurisdiction over:

A. All companies

B. Public interest entities (listed companies and large unlisted companies)

C. Only banks

D. Only public sector undertakings

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Correct Answer: Option B

Explanation:
NFRA regulates auditors and audit quality of public interest entities.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

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A key challenge of Human Resource Accounting is:

A. Lack of standardized models to objectively value human capital

B. It reduces taxable income

C. Excessive software cost

D. It is banned by Ind AS

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Correct Answer: Option A

Explanation:
Valuing human beings as assets involves subjective assumptions about tenure, capability, and future value, lacking a universally accepted model.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

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TDS (Tax Deducted at Source) must be deposited to the credit of the Central Government by the deductor usually within:

A. End of the financial year

B. 7th day of the next month

C. Same day of deduction

D. 30 days of deduction

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Correct Answer: Option B

Explanation:
Generally, TDS deducted in a month must be deposited to the government by the 7th of the following month.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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