Interview Questions Answers in Taxation, Accounting AllOther

sridhar

{ City } hyderabad
< Country > india
* Profession * project manager
User No # 33381

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Question { 8279 }

what is excise duty

Answer

Excise duty is a tax on the manufacture or Production Of
goods.The duty attaches when a new and identuifiable
product comes into existence, and it should be Coomercially
marketable.

Is This Answer Correct ?

4 Yes

1 No

Question { Karvy, 12574 }

What is the difference between the Invoice and Bill?

Answer

Transfer of ownership takes place by an invoice.A bill is a
receipt, evidencing receipt of cash.

Is This Answer Correct ?

6 Yes

7 No