Computerised Accounting With GST

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Q1. Fill in the blank


1. A is an Accounting Information System that processes the financial transactions and events.

2. The modern way of managing accounts is called concept.

3. All financial entries are made using .

4. accounts are created to identify transactions.

5. A voucher is a document used for recording daily transactions.

6.Every voucher maintains its and record.

7.Amounts received by way of cash is recorded in .

8.Payment voucher is used to record made by cash.

9.sales of are recorded in sales voucher.

10.sales of goods and services are recorded in voucher.

11. Voucher is used to record purchase of goods and services.

12.Deposits or withdrawals of cash from bank are recorded in voucher.

13.Rectifying entries are recorded in voucher.

14.Sales Return is recorded in .

15.Purchase Return is recorded in .

16.Depreciation on machinery is recorded in voucher.

17. stands for Goods and Service Tax.

18.GST is an Tax.

19.GST has replaced many in India.

20.GST is implied in India from .

21.GST is .

22.Posting a transaction through voucher is called .

23. & can be generated after finishing the recording of transactions or even at timely intervals.

24. provides you a report with debit and credit balance of all Ledger Accounts.

25. It is a statement showing Assets and Liabilities of the business concern.

26.The contains all vouchers for the day.

27. has been tailored to small and medium sized businesses.

28. is personal and small-business financial-accounting software.

29. was the first country to implement the GST in 1954.

30. is a compulsory contribution to state revenue, levied by the government.

31.GSTIN stands for .

32.The GSTIN is a digit PAN based registration number.

33.HSN stands for .

34.SAC stands for .

35. & is Imposed on Intra-state supply of goods and services.

36. is Imposed on Interstate supply or import of goods and services.

37. is Collected by Central Government.

38. is Collected by State Government.

39.IGST is Collected by .

40.CGST,SGST and IGST Ledgers should be created under sub group .

41.Paid advertisement charges will be recorded in voucher.

42.When IT charges are received voucher is used.

43.First two digits of GSTIN indicate
44. and are the codes given to goods and services under GST.

45.GST calculations on are made in accounts with inventory mode.

46.GST calculations on are made in accounts only mode.

Q.2 State whether the statement is TRUE or FALSE.


1.Different ledger accounts have different groups in Computerized Accounting.-
True False

2.GST rates are same for all commodities/products.-
True False

3.Accounts with inventory mode is used to calculate GST on goods-
True False

4.Accounts only mode is used to calculate GST on services-
True False

5.GSTIN is a 12 digit PAN based Registration Number.-
True False

6.HSN code is used to classify goods all over the world-
True False

7.SAC code is used to classify services.-
True False

8.SAC code is used to classify goods all over the world-
True False

9.HSN code is used to classify services.-
True False

10.Germany was the first country to implement the GST in 1954-
True False

11.CGST,SGST and IGST ledgers are common for goods and services-
True False

12.GST is direct type of tax.-
True False


Q.3 Choose Single correct answer from the given options.


1._________one of the most widely used financial Accounting Software
Tally
GNU Khata
LedgerSMB
GNUCash
Akaunting

2.There are ________ types of GST.
2
4
5
3

3.__________countries have adopted GST tax system.
60
120
160
96

4.Electricity bill a/c comes under __________.
Indirect Income
Indirect Expense
Direct Income
Direct Expense

5.Which voucher type is used to record transfer amount from one bank to another.
Contra
Payment
Receipt
Sales

6.Which voucher type is used to record transactions of salary, rent or interest paid.
Contra
Journal
Receipt
payment
7.We record interest received, commission or rent received in __________ voucher.
Contra
payment
Receipt
Journal

8.Sales or purchase within state involves _______and_______.
CGST,SGST
SGST,IGST
IGST,CGST

9.__________ is collected by central government.
CGST
SGST
IGST

10.__________ is collected by state government.
CGST
SGST
IGST

11.IGST is collected by ____________.
State government
Central government

12.CGST stands for ______________.
Central goods and service tax
State goods and service tax
Integrated goods and service tax

13.SGST stands for________________.
Central goods and service tax
State goods and service tax
Integrated goods and service tax

14.IGST stands for _________________.
a)Central goods and service tax
State goods and service tax
c)Integrated goods and service tax

15.GST 18% is applicable as ___ IGST.
9%
6%
18%
10%



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