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    The Annual Information Statement (AIS), which is a detailed perspective of the information for a taxpayer presented in Form 26AS, allows the taxpayer to comment on the data shown there. Under each part (such as TDS, SFT, and Other information), AIS displays both the reported value and the modified value (i.e., value after taking taxpayer feedback into account). The aims of AIS are as follows: Present the taxpayer with accurate information and a feature for online input Encourage voluntary c

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    DOCS 2917826472

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    The Annual Information Statement (AIS), which is a detailed perspective of the information for a taxpayer presented in Form 26AS, allows the taxpayer to comment on the data shown there. Under each part (such as TDS, SFT, and Other information), AIS displays both the reported value and the modified value (i.e., value after taking taxpayer feedback into account). The aims of AIS are as follows: Present the taxpayer with accurate information and a feature for online input Encourage voluntary c

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    1 views3 pages

    Docs 2917826472

    Uploaded by

    elyse
    The Annual Information Statement (AIS), which is a detailed perspective of the information for a taxpayer presented in Form 26AS, allows the taxpayer to comment on the data shown there. Under each part (such as TDS, SFT, and Other information), AIS displays both the reported value and the modified value (i.e., value after taking taxpayer feedback into account). The aims of AIS are as follows: Present the taxpayer with accurate information and a feature for online input Encourage voluntary c

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    1.

    Multiple-choice
    Report an issue
    30 seconds
    Q. 
    What does internal source of finance mean?
    answer choices
    A source from within the business
    A source from outside the business
    2. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    What does external source of finance mean?
    answer choices
    A source from within the business
    A source from outside the business
    3. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    Which is an example of an internal source of finance?
    answer choices
    Owner's Capital
    Venture Capitalist
    Overdraft
    Trade credit
    4. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    Which is an example of an external source of finance?
    answer choices
    Owner's capital
    Hire Purchase
    Retained profits
    Sale of assets
    5. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    Which is an example of an external source of finance?
    answer choices
    Owners' Funds
    Sale of assets
    Retained profits
    Bank loan
    6. Multiple-choice
    Report an issue
    30 seconds
    Q. What is an advantage of a bank loan?
    answer choices
    There will be little or no interest
    You can pay in smaller installments
    They are quick and easy to arrange
    You don't have to pay it back
    7. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    What is an advantage of owner's capital?
    answer choices
    There will be interest
    You can pay in smaller installments
    They take a long time to arrange
    You don't have to pay it back
    8. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    What is an advantage of an overdraft?
    answer choices
    There is never interest
    You can pay in smaller installments
    Useful for relatively small sums and short term finance
    You don't have to pay it back
    9. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    Which of these facts about venture capitalists is NOT true?
    answer choices
    Venture capitalists tend to operate in fairly risky markets
    Venture capitalists would be paid a share of the profits
    Venture capitalists usually provide money only and have no interest in
    running the business
    Venture capitalists usually invest large sums of money
    10. Multiple-choice
    Report an issue
    30 seconds
    Q. 
    Which of the following are DISADVANTAGES of selling shares as a source of
    finance? (select as many as appropriate)
    answer choices
    It means limited liability for the owners
    Dividends need to be paid to shareholders
    Large sums of money can be raised
    Does not apply to Partnerships or Sole Traders

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