Manual accounts -

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About course

Manual Accounting is the basic concept to learn all Accounts aspirants here you will learn how to maintain book of accounts practical life in your organisation.

What you will learn?

Complete basic Accounting Concepts
Maintaining of Books of Accounts
Preparation of Financial Statements

COURSE DETAILS

Course level: Basic to Advanced
15 Hours Duration
Assignments , Notes and Mock tests
Last Updated: 1st August,2024
Commerce and Non commerce
Training Mode: Live online
Demo on Sunday 9.00 -10.00 AM

Course Features

Individual Focus

We are taking live classes accommodates only 5 student, and each should have a personal computer to learn, practice and test their skills. This ensures the best learning experience for each student. .

We couch easy

Practical oriented training fully equipped with computer lab. Converting un trained graduate to skilled professional.

Student support

Students discuss their classes related issues thorough phone call , Email and Whatsapp chat etc,

100% Practical Approach

Our training approach is 100% job oriented. All courses and materials are carefully structured by professional Accountants based on Industry Standards.

Job Assistance

100% Placement Assistance is provided to all students of smart-advisor. Our vast client-base is ideal for most students to get better jobs, both in designation and pay.

Trained faculty

Professional and experienced faculty having reach experience. We provide practical case studies and live projects.

Certification

We will provide certifacte after successfully completed course

Affordable Fee's

Our Fee's Structure very transparent to all students can spend money on education

COURSE CONTENT

Accounting Introduction

Basic Accounting concepts, Principles, features, Advantages. View more

Manual Book keeping

Accounts Classification
Heads of Accounts
Ledgers and Groups

Accounting Voucher preparation

Receipt voucher – Payment Voucher – Contra voucher – Purchase Voucher – Sales Voucher – Journal Voucher

Recording Book of Accounts

Maintenance of Day Book
Cash Book
Bank Book
Sales Book
Purchase Book
General Book

Ledger Posting

Posting different ledgers

Reconciliation

Reconciliation of books of accounts

Trail balance

1.Preparation of Trail Balance

2. Passing rectification Entries

3. Passing Journal Entries

Trading and PL Accounts

Preparing Trading , Profit account

Balance sheet

Preparaing balancesheet for Propertiorship, firm and Companies

Assignments

Mock Test

/80

MOCK TEST

Attempt once this test to increase your confidence level at the time of interview

1 / 80

What are the benefits that the employees get out of this Scheme ?

Sickness benefit, Maternity benefit,Disablement benefit,Dependants’ benefit

Funeral Expenses ,Rehabilitation allowance, Vocational rehabilitation, Medical Bonus

Medical Care

All of the above

2 / 80

Input tax credit as credited in electronic credit ledger can be utilised for?

Payment of interest

Payment of panalty

Payment of Fine

payment of Taxes

3 / 80

Date of issue of Invoice is

Actual date of Invoice

Last date of Invoice

Earlier of a or b

None

4 / 80

ITC is not aviable for

Exempted supplies

Non Taxable Supplies

Nil rated supplies

All

5 / 80

Which method of depreciation is approved as per the income tax rules?

Sinking fund method

Written Down Value Method

Annuity Method

None of the above

6 / 80

Additional surcharge (education cess) of 3% per cent is payable on

income Tax

Surcharge

Income tax plus Surcharge

All of the Above

7 / 80

Payment of Gratuity (Central) Rules 1972, Form- A for

Notice of Opening

Notice of change

Notice of closure

None

8 / 80

Bill of material feature can be enabled for which type of stock item?

Finished goods

Components

Scrap

Raw Material

9 / 80

____ deals with PAN

sec 139A

sec 139B

sec 139C

sec 139 D

10 / 80

Which of the following formats are supported by Tally ERP 9 for Export?

XML

HTML

PDF

All of the above

11 / 80

After an employee leaves organization, in how many days a company should pay his gratuity amount?

Max within 30 days.

Max within 60 days.

Max within 90 days.

Max within 120 days.

12 / 80

Reverse charge means

Onus to pay tax on Supplier

Onus to pay tax on Recipient

Both

None of the these

13 / 80

Any change in the accounting policy relating to inventories which has a material effect in the current or later periods should be disclosed. This is in accordance with the accounting principle of:

Going concern

Conservatism

Consistency

Disclosure

14 / 80

Due date for GST returns GSTR 1, GSTR 2A and GSTR 3B?

10th, 15th and 20th

5th, 10th and 15th

15th, 18th and 20th

5th, 15th and 20th

15 / 80

The value of supply of goods and services shall be?

Transaction value

Market value

Cost Value

None

16 / 80

_____ is a revenue expenditure which has been incurred during an accounting year but the benefit of which may be extended to a number of years.

Capital Expenditure

Revenue Expenditure

Defferred Expenditure

None

17 / 80

How many types of security levels pre -exist in Tally ERP9?

18 / 80

Limitation for regular registration for GST ?

Above 20 Lakhs

Above 30 Lakhs

Above 40 Lakhs

Above 50 Lakhs

19 / 80

The Income Tax Act came into force from

1st April 1961

1st April 1971

1st April 1981

1st April 1951

20 / 80

Electrical Charges is Rs. 26000/- GST will be

12%

18%

None

21 / 80

Through ________we can transfer the stock from one project to another project?

Sales

Delivery Note

Manufacturing Journal

Stock Journal

22 / 80

In India GST is effective from?

1st April,2017

1st June,2017

1st July, 2017

1st march,2017

23 / 80

What is the place of supply when goods are assembled?

Place of assembled

Place of supplier

Place of recipient

None

24 / 80

Which of the following is the predefined stock category in tally?

Primary

Symbol

Stock

Main location

25 / 80

Profession tax is levied under the Andhra Pradesh Tax on

A.P. Tax on Professions, Trades, Act, 1977

A.P. Tax on Professions, Trades, Act, 1987

A.P. Tax on Professions, Trades, Act, 1997

A.P. Tax on Professions, Trades, Act, 2007

26 / 80

HSN Code Stands for?

Home shopping network

Harmonised system of Nomenclature

Harmonised ship Number

Harmonised state Number

27 / 80

Default ‘godown’ name in tally is ____________

Default Location

Primary Location

Main Location

All of the above

28 / 80

when does liability to pay GST arises in the case of supply of goods?

On raising of invoice

At the time of supply of goods

On receipt of payment

Earlist of the any

29 / 80

____is an amount incurred for acquiring the long term assets such as land, building, machine etc

Revenue Expenditure

Capital Expenditure

Differed Expenditure

None

30 / 80

‘Tally vault’ is a

Security mechanism

Ledger a/c

Backup

None of the above

31 / 80

Form is used for Mothly return for GST?

GSTR -1

GSTR -2A

GSTR -3B

GSTR – 9

32 / 80

What is the location of supply importance of goods?

location of importer

Onwer of the goods

Place where goods delivered from custom port

custom port

33 / 80

_____is the expenditure incurred in one accounting year and the benefits from which is also enjoyed in the same period only

Capital Expenditure

Revenue Expenditure

Defferred Expenditure

None

34 / 80

Minors income is clubbed to

Father’s income

Mother’s income

Father’s income or mother’s income whichever is greater

Both mother’s and father’s income

35 / 80

Payment made through challan will be credited to which ledger?

Electronic Tax Liability Ledger

Electronic Cash Ledger

Electronic credit ledger

Any of the above

36 / 80

if an aircraft departs from Delhi to Chennai after taking onboard food for consumption on board, the place of supply will be

Chennai

Delhi

Can’t Say

None

37 / 80

Limitation for regular registration for GST ?

Above 20 Lakhs

Above 30 Lakhs

Above 40 Lakhs

Above 50 Lakhs

38 / 80

Preliminary expenses incurred are allowed deduction in

5 equal annual installments

10 equal annual installments

15 equal annual installments

20 equal annual installments

39 / 80

Time of supply will be

Removal of Goods on 15th July,2019

Issue of Invoice is 15th July,2019

Delivery of Goods 20th July,2019

Receipt of Payment on 30th Aug,2019

40 / 80

The term “employee” is defined in __________ of the gratuity Act

Section 2(b)

Section 2(c)

Section 2(d)

Section 2(e)

41 / 80

Fictitious assets are?

Goodwill

Trademarks

All of the Above

42 / 80

In Tally ERP 9 We can synchronize the data from one location to another?

True

False

Can’t Say

None

43 / 80

Which of the following products are outside the purview of GST?

Alcohal

Petrol

Tobacco

All of the above

44 / 80

How many types of Measurement Units we can create in Tally?

45 / 80

Application for Gratuity by an Employee in the form of

Form-I

Form-A

Form-K

Form-J

46 / 80

Can a company refuse to pay gratuity due to financial Loss to employees?

Yes

Can’t Say

None of the above

47 / 80

Will an employee resigning from service or retrenched by employer will be eligible for Gratuity?

Yes

Can’t say

None

48 / 80

SAC code Stands for?

Service accounting code

System accounting code

Software accounting code

Service application code

49 / 80

Every registered person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to?

Personal ledger account

Refund Account

Electronic Cash Ledger

Electronic credit ledger

50 / 80

All assets in business either tangible or intangible classify as

Nominal Accounts

Real Accounts

Personal Accounts

Representative Accounts

51 / 80

A partnership of banking business is valid, when the number of partners exceeds

5, but does not exceed 10

10, but does not exceed 20

20, but does not exceed 40

20, but does not exceed 50

52 / 80

As per Section 207, If not having any income from business or profession is not liable to pay advance tax.

A resident individual who is of the age of below 60 years

A resident HUF

A nonresident individual

A resident senior citizen

53 / 80

When shares are issued to promoters for the services offered by them ____ A/c is debited.

Preliminary Expenses

Goodwill

Asset

Equity Share capital

54 / 80

In case of salary or wage earners whose salary or wage for a month is not less than_________ the employer is liable to deduct Profession Tax payable under this Act

₹. 5,000

₹. 10,000

₹. 15,000

₹. 20,000

55 / 80

How is the Scheme financed ?

Employees’ contribution – 1.75% of the wages. Employers’ contribution – 5.75% of the wages.

Employees’ contribution – 1.75% of the wages. Employers’ contribution – 4.75% of the wages.

Employees’ contribution – 2.75% of the wages. Employers’ contribution – 3.75% of the wages.

Employees’ contribution – 0.75% of the wages. Employers’ contribution – 3.25% of the wages.

56 / 80

bank reconciliation statement?

The passbook balance differs from the cash book balance.

The passbook balance differs from the creditor book balance.

The Cash book balance differs from the cash book balance.

The passbook balance differs from the passbook balance.

57 / 80

TDS on Professional charges which section is applicable below

194C

194D

194I

194J

58 / 80

TDS rate for professional services?

10%

15%

20%

59 / 80

is Depreciation not Charged on ?

Land

Building

Furniture

Machinery

60 / 80

Credit Electronic cash ledger means

Amount has been utilised to pay dues

Amount has been deposited by taxable person

Both

None

61 / 80

is Depreciation not Charged on ?

Land

Building

Furniture

Machinery

62 / 80

Neeraj bought a Goods on credit from Deeraj. Which of the following journal entries will be made for this transaction in Neeraj‘s books?

Dr. Deeraj Cr. Purchase

Dr. Purchase Cr. Deeraj

Dr. Neeraj Cr. Purchases

Dr. Vehicle Cr. Deeraj

63 / 80

Basic accounting equation?

Assets = Liabilities + Owners Equity.

Assets -Owners Equity = Liabilities

Assets – Liabilities = Owners Equity.

All of the above

64 / 80

Maximum gratuity payable is

Rs 5 lakhs for Government & Non Government employees

Rs 10 lakhs for Government & Non Government employees

Rs 15 lakhs for Government & Non Government employees

Rs 20 lakhs for Government & Non Government employees

65 / 80

Gratuity shall be calculated as per the below formula:

Gratuity = Last drawn salary x 5/26 x No. of years of service

Gratuity = Last drawn salary x 10/26 x No. of years of service

Gratuity = Last drawn salary x 15/26 x No. of years of service

Gratuity = Last drawn salary x 20/26 x No. of years of service

66 / 80

Letter of Credit is presented by–

Exporter

Importer

Custom Officer

Shipping Company

67 / 80

Mode of Payment of Gratuity is

Cash

Cheque or demand draft

Postal Money Order

All of the above

68 / 80

We can cancel a voucher using

Alt + X

Ctrl + X

Shift + X

Ctrl + Shift + X

69 / 80

Employer register as per the provisions of the ESI Act they will get code ?

15 Digit code

16 Digit code

17 Digit code

18 Digit code

70 / 80

Non-deduction of tax at source is possible only if your income is going to be below the minimum income tax slab.

2.5 Lakhs

5 Lakhs

10 Lakhs

None

71 / 80

Carry forward and set off of losses for Speculation

Up to 2 Years

Up to 4 Years

Up to 6 Years

Up to 8 Years

72 / 80

Gratuity shall be calculated as per the below formula:

Gratuity = Last drawn salary x 5/26 x No. of years of service

Gratuity = Last drawn salary x 10/26 x No. of years of service

Gratuity = Last drawn salary x 15/26 x No. of years of service

Gratuity = Last drawn salary x 20/26 x No. of years of service

73 / 80

GST registration is based on ?

Aadhar

PAN

Passport

TAN

74 / 80

Due dates for Advance Tax

15th June, 15th Sep, 15th Dec and 15th mar

20th June, 20th Sep, 20th Dec and 20th mar

10th June, 10th Sep, 10th Dec and 10th mar

30th June, 30th Sep, 30th Dec and 30th mar

75 / 80

GST registration is based on ?

Aadhar

PAN

Passport

TAN

76 / 80

Ram (Hyderabad) supplied goods to Rahim (Delhi) for Rs. 20,000, Tax @12%, which tax should be imposed to Rahim?

IGST

CGST + SGST

IGST + CGST + SGST

Not liable to pay tax

77 / 80

According to which concept, the proprietor pays interest on drawings

Accrual concept

Conservatism concept

Entity concept

Dual Aspect concept

78 / 80

Gift of Rs 10,00,000 received cheque from a other person

Exempted

Chargable income from other sources

Treated as Capital Gains

Treated as Business income

79 / 80

TDS rate for Payment to contractor/sub-contractor company

10%

80 / 80

Account books for how many preceding years should be preserved in good condition?

Your score is

SAMPLE DOCUMENTS

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