TallyPrime 4.1 Quiz(160 Points)

Which categories of enterprise does the MSME Act recognize? Multiple choice. (10 Points)

• Micro

• Big

• Medium

• Small

From Which Financial Year, MSME Act related to "Delayed Payments" becomes applicable ?Single choice. (10 Points)

• FY 2024-25

• FY 2023-24

How e-commerce information will be filled in GSTR 1? Single choice. (10 Points)

• No need to fill

• export with Json

• Fill manually from Change View

For E-Commerce related information in GSTR1, Which Option I should use to extract Table 14 Information? Single choice. (10 Points)

• "Basis of Values" from GSTR1

• "Change View" from GSTR1

• Maybe

Report for Disallowance under Section 43B(h) can be extracted from TallyPrime? Single choice. (10 Points)

• Yes

• No

When the credit period is SPECIFIED in writing, what is the maximum credit days that can be applied to sales as per MSME act? Single choice. (10 Points)

• 30

• 45

• 55

• 60

A Buyer has Purchased goods worth Rs 100,000 from MSME Seller, what would be situation to the buyer if the MSME seller is not paid before time in accordance with the MSME act? Single choice. (10 Points)

• Interest payment at Bank Rate

• No Consequences

• Interest payment at 3 times of Bank Rate

Above Disallowance (under Section 43B(h)) in Income Tax applicable to which Businesses ? Single choice. (10 Points)

• Companies

• Audited Businesses

• Only MSME Registered Businesses

• Below 5 Crore only

• All Businesses

If there is Objection after Sale, and MSME due date calculation needs to be adjusted, Which field in tallyPrime should be used? Single choice. (10 Points)

• Supplier Invoice Date

• Change Voucher Date

• Voucher Effective Date

Can "MSME 1" Form, which is applicable to All Pvt Ltd and Ltd Companies require, be exported from TallyPrime? Single choice. (10 Points)

• Yes, from Go To

• No

• Customize