Maharashtra State BoardHSC Commerce 12th Board Exam
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Balbharati solutions for Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board chapter 3 - Computerised Accounting with GST [Latest edition]

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Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 3: Computerised Accounting with GST

Exercise
Exercise [Pages 69 - 70]

Balbharati solutions for Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board Chapter 3 Computerised Accounting with GST Exercise [Pages 69 - 70]

Fill in the blanks.

Exercise | Q 1.1 | Page 69

A pre-numbered accounting document used for posting daily transactions is called as __________

Exercise | Q 1.2 | Page 69

When cash is going out of the business ________ type of voucher is used.

Exercise | Q 1.3 | Page 69

Return of goods to a supplier comes under _________ type of voucher.

Exercise | Q 1.4 | Page 69

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

Exercise | Q 1.5 | Page 69

GSTIN stands for ________

Exercise | Q 1.6 | Page 69

GST came into force in India with effect from _______

Exercise | Q 1.7 | Page 69

Rectifying entries or transfers or adjustment entries comes under _________ voucher type.

State whether the statement is True or False.

Exercise | Q 2.1 | Page 69

Creation of company is the first step in Computerized Accounting process.

  • True

  • False

Exercise | Q 2.2 | Page 69

All Ledger accounts have same groups in Computerized Accounting.

  • True

  • False

Exercise | Q 2.3 | Page 69

Receipt voucher is used when the cash is accepted.

  • True

  • False

Exercise | Q 2.4 | Page 69

Cash deposited into bank comes under bank voucher.

  • True

  • False

Exercise | Q 2.5 | Page 69

Recording a transaction through voucher is called as voucher entry.

  • True

  • False

Exercise | Q 2.6 | Page 69

Goods sold from Solapur to Hubli is an example of SGST.

  • True

  • False

Exercise | Q 2.7 | Page 69

GST is focus on one nation one tax.

  • True

  • False

Exercise | Q 2.8 | Page 69

GSTIN is PAN based registration number.

  • True

  • False

Exercise | Q 2.9 | Page 69

CGST, SGST and IGST Ledgers are common for goods and services

  • True

  • False

Choose Single correct answer from the given options.

Exercise | Q 3.1 | Page 69

Contra Voucher is used for _________

  • Master Entry

  • Withdrawal of cash from bank

  • Reports

  • Credit Purchase

Exercise | Q 3.2 | Page 69

Salary account comes under which of the following head ___________

  • Indirect Income

  • Indirect Expenses

  • Direct Income

  • Direct Expenses

Exercise | Q 3.3 | Page 69

In India the GST Act came into effect on _________

  • 1st July 2018

  • 1st July 2017

  • 1st June 2018

  • 1st June 2017

Exercise | Q 3.4 | Page 70

Sale or purchase out of state involves _________ in invoice.

  • Out GST

  • IGST

  • With GST

  • No GST

Exercise | Q 3.5 | Page 70

GSTIN is __________ digit alphanumeric number.

  • 13

  • 10

  • 15

  • 1

Exercise | Q 3.6 | Page 70

In GSTIN first two digits represents __________ code.

  • State

  • Central

  • Company

  • General

Exercise | Q 3.7 | Page 70

GST is _________ type of tax.

  • Regular

  • Indirect

  • Direct

  • Irregular

Choose Two correct answers from the given options.

Exercise | Q 4.1 | Page 70

Every voucher maintained its ________ and __________ record.

a) debit

b) in

c) out

d) credit

e) open

Exercise | Q 4.2 | Page 70

Valid types of vouchers are _______ and ________

a) contra

b) sales

c) income

d) expenditure

e) liability

Exercise | Q 4.3 | Page 70

_________ and ________ are ledger accounts can be created under Group Indirect Expenses.

a) Insurance

b) Sale

c) Rent

d) Bank Loan

e) Octroi

Exercise | Q 4.4 | Page 70

Codes given to Goods and Services under GST are _________ and __________.

a) HSN

b) HSC

c) SSC

d) SAC

e) HNS

Activity

Exercise | Q 5 | Page 70

Find out the GST exemption list for various goods and services.

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Chapter 3: Computerised Accounting with GST

Exercise
Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board chapter 3 - Computerised Accounting with GST

Balbharati solutions for Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board chapter 3 (Computerised Accounting with GST) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Information Technology (IT) (Commerce) 12th Standard HSC Maharashtra State Board chapter 3 Computerised Accounting with GST are Introduction to Computerised Accounting with GST, Working of Accounting Software, Different Accounting Packages, Computerised Accounting with GST Case Studies.

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