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MOCK TEST

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

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

2 / 80

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

3 / 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?

4 / 80

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

5 / 80

Time of supply will be

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

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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

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

9 / 80

What is the place of supply when goods are assembled?

10 / 80

ITC is not aviable for

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Gratuity shall be calculated as per the below formula:

12 / 80

GST registration is based on  ?

13 / 80

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

14 / 80

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

15 / 80

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

16 / 80

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

17 / 80

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

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

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is Depreciation not Charged on ?

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

21 / 80

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

22 / 80

Maximum gratuity payable is

23 / 80

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

24 / 80

In India GST is effective from?

25 / 80

Application for Gratuity by an Employee in the form of

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TDS rate for Payment to contractor/sub-contractor company

27 / 80

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

28 / 80

Letter of Credit is presented by–

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____ deals with PAN

30 / 80

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

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What is the location of supply importance of goods?

32 / 80

GST registration is based on  ?

33 / 80

Preliminary expenses incurred are allowed deduction in

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

35 / 80

HSN Code Stands for?

36 / 80

Carry forward and set off of losses for Speculation

37 / 80

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

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Mode of Payment of Gratuity is

39 / 80

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

40 / 80

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

41 / 80

Electrical Charges is Rs. 26000/- GST will be

42 / 80

The value of supply of goods and services shall be?

43 / 80

The Income Tax Act came into force from

44 / 80

We can cancel a voucher using

45 / 80

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

46 / 80

Minors income is clubbed to

47 / 80

Form is used for Mothly return for GST?

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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:

49 / 80

is Depreciation not Charged on ?

50 / 80

Date of issue of Invoice is

51 / 80

Credit Electronic cash ledger means

52 / 80

SAC code Stands for?

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Due dates for Advance Tax

54 / 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?

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Default 'godown' name in tally is ____________

56 / 80

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

57 / 80

Fictitious assets are?

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TDS on Professional charges   which section  is applicable below

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Limitation for regular registration for GST ?

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

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Reverse charge means

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

63 / 80

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

64 / 80

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

65 / 80

All assets in business either tangible or intangible classify as

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How is the Scheme financed ?

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TDS rate for professional services?

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Payment made through challan will be credited to which ledger?

69 / 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.

70 / 80

bank reconciliation statement?

71 / 80

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

72 / 80

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

73 / 80

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

74 / 80

Limitation for regular registration for GST ?

75 / 80

Basic accounting equation?

76 / 80

According to which concept, the proprietor pays interest on drawings

77 / 80

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

78 / 80

Gratuity shall be calculated as per the below formula:

79 / 80

Profession tax is levied under the Andhra Pradesh Tax on

80 / 80

'Tally vault' is a

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