Computerised Accounting with GST Class 12 HSC MCQs are prepared to help Maharashtra Board students practice important concepts as per the latest HSC syllabus. These multiple-choice questions cover topics such as accounting software, voucher entries, ledger and reports, GST features, tax calculation, returns, and compliance.
Computerised Accounting with GST class 12 HSC MCQs
1. A computerised accounting system is an accounting information system that processes the __.
a. Financial transactions
b. Raw data
c. Vouchers only
d. Ledger balances
2. Computerised accounting systems are based on the concept of _.
a. Database
b. Double Entry System
c. Ledger Posting
d. Trial Balance
3. Computerised Accounting The transaction data is stored in _.
a. In file
b. In database
c. In Folder
d. None of the above
4. Accounting software’ describes a type of application software that records and processes accounting transactions within functional modules such as __.
a. Accounts payable and accounts receivable
b. Journal and General Ledger
c. Payroll and Trial Balance
d. All of the above
5. How the accounting software works __.
a. Waster (input data)
b. Processing Entries
c. Output Reports
d. All of the above
6. While creating a company/organisation in a computerised accounting system, which of the following information is typically required?
a. Name of the company, email ID, address, financial year, books beginning date, admin password
b. Only company name and address
c. Only vouchers and ledger balances
d. Trial balance and balance sheet
7. The modern way of managing accounts is called _.
a. Group
b. Stock item
c. Godown
d. Single ledger
8. A __ is a pre-numbered accounting document used for recording daily transactions.
a. Ledger
b. Voucher
c. Stock Item
d. Unit of Measure
9. Every voucher maintains its __.
a. debit record
b. credit record
c. Both a) and b)
d. None of the above
10. Deposits or withdrawals of cash from a bank or transfers of funds from one bank to another are transfers of cash to Pretty Cash.
a. Journal
b. Contra
c. Sales
d. Credit Note
11. GST stands for __.
a. Goods and Systematic Tax
b. Goods and System Tax
c. Goods and Services Tax
d. None of the above
12. GST is which type of tax?
a. Direct Tax
b. Indirect Tax
c. Both a) and b)
d. None of the above
13. The GST Act comes into effect on _.
a. 1st July 2020
b. 1st June 2019
c. 1st August 2018
d. 1st July 2017
14. Posting a transaction through a voucher is called __.
a. Journal
b. Contra
c. Sales
d. Voucher entry
15. In computerised accounting, various financial and inventory reports can be generated after finishing the recording of transactions or even at timely intervals. Reports such as:
a. Trial Balance
b. Profit and loss account
c. Balance sheet
d. All of the above
16. The tally solutions introduced the software Tally ERP 9 in the year of __.
a. In 2009
b. In 2000
c. In 2001
d. In 2002
17. The shortcut key used for deleting any ledger, group, voucher or even company in Tally is __.
a. Alt+l
b. Alt+d
c. Alt+p
d. Alt+n
18. __ is one of the tools developed by KK’s foundation.
a. Tally
b. LedgerSMB
c. GNUKhata
d. None of the above
19. A powerful yet simple open-source accounting solution. It has been tailored to small and medium-sized businesses.
a. Tally
b. LedgerSMB
c. GNUKhata
d. GnuCash
20. __ is personal and small-business financial-accounting software, freely licensed under the GNU GPL and available for GNU/Linux, BSD, Solaris, Mac OS X and Microsoft Windows.
a. Tally
b. LedgerSMB
c. GNUKhata
d. GnuCash
21. CGST stands for _.
a. Central General and Services Tax
b. Central General and Saving Tax
c. Central Goods and Services Tax
d. None of the above
22. SGST stands for _.
a. State General and Services Tax
b. State General and Saving Tax
c. State Goods and Services Tax
d. None of the above
23. IGST stands for _.
a. Integrated goods and services tax
b. Integrated goods and system tax
c. Internal goods and services tax
d. None of the above
24. The government has proposed a __ tier tax structure for all goods and services.
a. 2
b. 3
c. 4
d. 5
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