Yellow-4

Yellow-4

KG

12 Qs

quiz-placeholder

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REVIEW OF INCOME TAXATION

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Yellow-4

Yellow-4

Assessment

Quiz

Professional Development

KG

Medium

Created by

Balwant Singha

Used 1+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the GST rate that will apply for 'Composite Supply'?
Tax rate of item which has the HIGHEST RATE OF TAX.
Tax rate of the principal supply on the entire supply
Tax rate of the item which has the LOWEST RATE OF TAX
Tax rate of the supplementary supply on the entire supply

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the GST rate that will apply for 'Mixed Supply'?
Tax rate of item which has the HIGHEST RATE OF TAX.
Tax rate of the principal supply on the entire supply
Tax rate of the item which has the LOWEST RATE OF TAX
Tax rate of the supplementary supply on the entire supply

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Excellent Enterprises wants to specify different discount precentages for different stock items. This can be handled by______
Enabling F11- Use separate actual & billed quantity columns
Enabling F11- Use discount column in invoice
Creating discount Ledger
Stock Item altration screen

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Excellent Enterprises wants to provide Cash Discount for whole invoice. This can be handled by _____
Enabling F11- Use separate actual & billed quantity columns
Enabling F11- Use discount column in invoice
Creating discount Ledger
Stock Item altration screen

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Excellent Enterprises has deployed Buy ONE get ONE FREE scheme for many of their clients. This can be achieved by ______
Enabling F11- Use separate actual & billed quantity columns
Enabling F11- Use discount column in invoice
Creating discount Ledger
Stock Item altration screen

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Free samples for marketing items can be handeled by _______
Enabling F11- Use separate actual & billed quantity columns
Enabling F11- Use discount column in invoice
Creating discount Ledger
Enabling Zero valued transactions from voucher alteration

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

TallyPrime will allow Excellent Enterprises to set budgets for _______
Month Only
Year Only
Quarter Only
Day, Week, Month, Quarter and Year

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