MANPASAND TECH / ADVANCE TALLY ERA QUESTIONS AND ANSWERS...
SESSION 7 & SESSION 8 QUESTIONS AND ANSWERS …
SESSION 7:-
QUESTION 31
Q.31. THE RATIO ANALYSIS REPORT IS DIVIDED INTO ____________ AND ____________.
1.PRINCIPAL LEDGERS AND PRINCIPLE ITEMS
2.PRINCIPAL RATIOS AND PRINCIPAL GROUPS
3.PRINCIPAL LEDGERS AND PRINCIPAL RATIOS
4.PRINCIPAL RATIOS AND PRINCIPAL ITEMS
-PRINCIPAL RATIOS AND PRINCIPAL GROUPS
QUESTION 32
Q.32. THE NETT WORKING CAPITAL IS CALCULATED BY SUBTRACTING CURRENT LIABILITIES FROM ______.
1.FIXED ASSET
2.FIXED INCOME
3.PROFIT AND LOSS
4.CURRENT ASSET
-CURRENT ASSET
QUESTION 33
Q.33. AS PER ACCOUNTING STANDARD-3, CASH FLOW IS CLASSIFIED INTO WHICH ACTIVITIES?
1.OPERATING ACTIVITIES
2.INVESTING ACTIVITIES
3.FINANCING ACTIVITIES
4.ALL OF THE ABOVE
-ALL OF THE ABOVE
QUESTION 34
Q.34. THE CASH FLOW STATEMENT IS BASED ON WHICH ACCOUNTING TYPE?
1.CASH BASIS OF ACCOUNTING
2.ACCRUAL BASIS OF ACCOUNTING
3.CREDIT BASIS OF ACCOUNTING
4.NONE OF THE ABOVE
-CREDIT BASIS OF ACCOUNTING
QUESTION 35
Q.35. IN WHICH STATEMENT IS THE WORKING CAPITAL STATEMENT PREPARED?
1.CASH FLOW STATEMENT
2.FUNDS FLOW STATEMENT
3.INCOME STATEMENT
4.PROFIT & LOSS STATEMENT
-FUNDS FLOW STATEMENT
SESSION 8:-
QUESTION 36
Q.36. TAX DEDUCTED AT SOURCE (TDS) IS AN INDIRECT TAX COLLECTED AT THE PRESCRIBED RATE FROM THE INCOME SOURCE.
1.TRUE
2.FALSE
-TRUE
QUESTION 37
Q.37 _______ IS ONE OF THE MODES FOR COLLECTING INCOME TAX AT THE SOURCE.
1.GST
2.TAN
3.TDS
4.VAT
-TDS
QUESTION 38
Q.38. TO CREATE THE TDS NATURE OF PAYMENT, YOU NEED TO GO TO GATEWAY OF TALLY > ACCOUNTS INFO. > STATUTORY INFO. > TDS NATURE OF PYMTS > CREATE.
1.TRUE
2.FALSE
-TRUE
QUESTION 39
Q.29. IN TALLY, YOU CAN BOOK EXPENSES BY RECORDING THE ____ VOUCHER.
1.PAYMENT
2.JOURNAL
3.RECEIPT
4.ALL OF THE ABOVE
-JOURNAL
QUESTION 40
Q.40. AS PER THE INCOME TAX ACT, EVERY CORPORATE AND GOVERNMENT ENTITY IS LIABLE FOR ______ OF TDS.
1.EXTENSION
2.INCREASE
3.ADDITION
4.DEDUCTION
-DEDUCTION
MANPASAND TECH / ADVANCE TALLY ERA QUESTIONS AND ANSWERS...
ADVANCE TALLY ERA