Computerised Accounting with GST is an important subject for Class 12 Commerce students, focusing on modern accounting practices using software along with Goods and Services Tax concepts. These Computerised Accounting with GST Class 12 Exercise Solutions are designed as per the latest syllabus to help students understand practical accounting entries, GST calculations, vouchers, ledgers, and reports.
Computerised Accounting with GST Class 12 Exercise Solutions
Q.1 Fill in the blanks.
1) A pre-numbered accounting document used for posting daily transactions is called as________
Show Answer ⟶2) When cash is going out of the business _ type of voucher is used.
3) Return of goods to a supplier comes under __ type of voucher.
Show Answer ⟶4) ______was the first country to implement the GST in 1954.
5) GSTIN stands for _.
Show Answer ⟶6) GST came into force in India with effect from __.
7) Rectifying entries or transfers or adjustment entries comes under __ voucher type.
Show Answer ⟶Q.2 State whether the statement is TRUE or FALSE.
1) Creation of company is the first step in Computerized Accounting process.
Show Answer ⟶2) All Ledger accounts have same groups in Computerized Accounting.
Show Answer ⟶3) Receipt voucher is used when the cash is accepted.
Show Answer ⟶4) Cash deposited into bank comes under bank voucher.
Show Answer ⟶5) Recording a transaction through voucher is called as voucher entry.
Show Answer ⟶6) Goods sold from Solapur to Hubli is an example of SGST.
Show Answer ⟶7) GST is focus on one nation one tax.
Show Answer ⟶8) GSTIN is PAN based registration number.
Show Answer ⟶9) CGST, SGST and IGST Ledgers are common for goods and services
Show Answer ⟶Q.3 Choose Single correct answer from the given options.
1) Contra Voucher is used for_____
a) Master Entry
b) Withdrawal of cash from bank
c) Reports
d) Credit Purchase
2) Salary account comes under which of the following head _
a) Indirect Income
b) Indirect Expenses
c) Direct Income
d)Direct Expenses
3) In India the GST Act came into effect on _
a) 1st July 2018
b) 1st July 2017
c) 1st June 2018
d)1st June 2017
4) Sale or purchase out of state involves ____in invoice.
a) OutGST
b) IGST
c) WithGST
d) NoGST
5) GSTIN is _ digit alphanumeric number.
a) 13
b)10
c) 15
d)1
6) In GSTIN first two digits represents ______code.
a) State
b) Central
c) Company
d) General
7) GST is __ type of tax.
a) Regular
b) Indirect
c) Direct
d) Irregular
Q.4 Choose Two correct answers from the given options.
1. Every voucher maintained its _ and __ record.
a) debit
b) in
c) out
d) credit
e) open
2. Valid types of vouchers are _ and __
a) contra
b) sales
c) income
d) expenditure
e) liability
3. _ and ____are ledger accounts can be created under Group Indirect Expenses.
a) Insurance
b) Sale
c) Rent
d) Bank Loan
e) Octroi
4. Codes given to Goods and Servies under GST are _ and __.
a) HSN
b) HSC
c) SSC
d) SAC
e) HNS
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