74.

75.

76.

77.

78.

79.

11120378 income is clubbed to:
(A) Father’s income
൯) Mother’s Income
(0) Father’s income or Mother’s income whichever is greater
(D) None of these

Which of the supporting voucher is needed to vouch the receipts from Bill
Receivables?

(A) Previous year audited Balance Sheet
(B) Loan Agreement
(C) Debtors explanation for outstanding debts

(1) Auctioneer’s note

Out of which income deduction u/s 80G is not allowed?
(^) Income from salary (B) Short term capital Gain u/s 111A

(C) Income from other sources (D) Income from house property

Towards the end of this stage, prices of product begin to fall and profits peak. By this time
most firms have recovered their development cost and their main priority is to increase or
retain market share and to enhance profit. Which stage of product life cycle is mentioned
here:

(A) Maturity (B) Decline
(C) Growth () Introduction

Which of the statement is not true about auditing working papers?
(A) 1 can be used as a permanent record for future references
(B) [५ shows the extent of adherence to accounting principles and auditing standards
(C) [५ provides a means to control the ongoing audit work

(D) It only mentions the name, nature and Board of directors of company

A Non-speculative business discontinued in the previous year 2019-20. The brought forward
loss can be set off against income from:

(^) Income from salary ൯) Speculative business

(C) Under any head of income (D) Income from business

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