Fill in the blanks

1. ------ is the apex bank to provide financial assistance to small scale industries.

 

2. As per sec.4 of the central excise act, 1944, excise duty is chargeable on ------ value of the excisable goods.

 

3. Name any two credit rating agency.

 

4. In ------ no. of years the amount of unpaid dividend account shud be transferred to investor education and protection fund.

 

5. sec.80ID of incometax act provides ------ yrs tax holiday for the undertaking engaged in the business of hotel located in ------

 

6. ------ is an instrument by which the obligation to pay money is created expressly.

 

7. where the financial position of the company is such as to endanger its solvency, central govt. may direct order for ------ audit.

 

8. ------ state purchases are not eligible for input tax credit under VAT.

 

9. As per exposure draft of revised AS2, the cost of inventories of a service provider does not include profit margins or ------ attributable overheads that are often factored into prices charged by service providers.

 

10. As per exposure draft of Ind AS1 (Corresponding to IAS1) complete set of financial statements comprise of ------ statements.

 

11. The schedule to the companies Act, 1956 dealing with managerial remuneration is ------.

Replies (4)

Q 1) SIDBI

Q 2) “retail sale price” means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the like and the price is the sole consideration for such sale :

https://www.cbec.gov.in/excise/cx-act/cx-act-ch2.htm

Q 3)

I)Duff & Phelps Credit Rating India Private Ltd. (DCR India)

II)Credit Analysis & Research Limited (CARE)

III)Investment Information and Credit Rating Agency of India (ICRA)

7. special

8.inter

1- SIDBI

2-TRANSACTION VALUE

4-SEVEN

5-LOCATED IN NCR

7- SPECIAL AUDIT

8-INTER STATE PURCHASE

9- GAINS

10-SIX

11-SCHEDULE THIRTEEN

6. Bond

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