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NEW QUESTION: 1
An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of:
A. Rs. 45,000
B. Rs. 25,000
C. Rs. 35,000
D. Nil
Answer: B

NEW QUESTION: 2
The receivers of an information systems service are known as a users.
A. True
B. False
Answer: A

NEW QUESTION: 3
Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)
A. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.
B. This system creates consolidated journal entries in both the parent and subsidiary sets of books.
C. GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.
D. It consolidates data from the legacy feeder system.
Answer: A,C,D

NEW QUESTION: 4
When you are viewing information about a computer, what is displayed?
A. when the operating system was installed
B. the console settings
C. the internal IP address
D. the type of antivirus software that is installed
Answer: C
Explanation:
Explanation/Reference:
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A: Reach out to us here CTS FAQ and drop a message in the comment section with any questions you have related to the CTS Exam or our content. One of our moderators will assist you.

CTS Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CTS Exam.

CTS Exam Topics

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CTS Offcial Page

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Check what resources you have available for studying.

Schedule the CTS Exam

Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.