Access Leading Tax Experts … 1. Chapter 3: Multiple choice questions. Get top rated Tax Questions here-Contents. 3. Audit undertaken by employees of the organization to check financial irregularities. The objective of financial planning is to ensure that enough funds are available at right time. Take a quick Multiple Choice Questions (MCQs) test about Financial Statements.These MCQs can help you to prepare for your exams, interviews and different tests. To put it in other words, it is applying general management standards to the financial resources of the firm. b) Voluntary for a company. Financial planning is essentially preparation of a financial blueprint of an organisation’s future operations. I have included the most expected objective type questions with answer from Nature and planning of Indian economy. MCQ on Nature and Planning of Indian Economy are also very important for the all type of competitive examinations. Demand for a given item is said to be dependent if A. the item has several children B. there is a deep bill of materials C. the finished products are mostly services (rather than goods) D. there is a clearly identifiable parent Ans: D. 2. Effective tax rate expected to be applicable for the full year of year 1 as estimated at the end of the second quarter of year 1. Strategic Planning Accounting MCQs and Answers to all Questions. d) Audit by independent auditor to improve internal affairs. Explanation are given for understanding. 1. ã‚â£48,333-explanation: the business commences in 2011/12 is the first tax year. Objective Questions Multiple Choice Questions 1. The Income Tax Act, 1961 has 298 _____. d) the market price per share of the firm's common stock. 25 lakh and above. Quick Summary. 7. Internal audit is. 2013/14 is the third and 2014/15 is the fourth tax year. 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