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In compliance with Rule 11(g) the auditor is expected to check whether the audit trail is enabled for such transactions which result in a change to the books of account:

what data was changed

who made those changes and when

that the audit trails have been preserved from April 1, 2021

a and b only

Preservation of the Audit Trail is required for which of the below?

15 Years from the end of financial year

9 Years from the end of financial year

Forever

Only till the audit is complete

Ledger Payment performance report shows no of days taken by customer for making payment after raising of invoice.. Such report is available for :

All ledgers under any group of accounts

All ledger under Sundry debtors only

All ledgers under sundry debtors and Sundry creditors

No such report is there in tally

In TallyPrime, To view transactions in Foreign Currencies in ledger report use

You cannot see transaction in different currency

Enable “Show Forex Transactions Only” for F12 – Same as in Tally.ERP9

Enable “Show Forex Transaction only” from – Basis of Value button on right panel

Enable “Show Forex Transactions Only” from Change view button on right panel

Vinod, a data entry operator at Wintech Solutions Pvt Ltd while making a receipt entry, to save time, always selects On account for the debtors, thus management never gets ageing of the debtors , the solution to above problem is

Train vinod to select bill wise details appropriately

Restrict Vinod to select – “On Account” in transactions

Both 1 and 2

Disallow vinod to enter receipt transactions

How to select and remove multiple rows in a set of transaction data

Select Space bar each transaction which not required and press ctrl R

Not possible to select / deselect

Press Ctrl+Space in entire set, Deselect few required rows and then press Ctrl R

Press Ctrl+A and select entire data set , Deselect few required row and press Ctrl+R

Roxy theatre charges Sharukh khan starrer Pathan movie rates for morning show as 95 (12%GST) and afternoon show as 110 rs (18%GST). How can they ensure proper gst calculation

Create separate Item for Morning tickets and afternoon ticktes

Calculate GST on Item rate in the GST screen in Stock item creation

Apply GST rates through different ledgers

Calcluate gst manually in each transaction

To remove all information from a voucher without deleting the number Which key can be used..

Alt + R

Alt + D

Alt + X

Alt + C

In Sales invoice transaction where can you see the break-up of assessable value for GST and tax amount charged?

After Saving transaction

Not available for viewing

In Sales transaction Click on Alt+T

In Sales transaction Click on Alt+A

In TallyPrime – To go to calculator panel and come back to normal screen, Which key is to be used

Ctrn +N for both

Ctrl +N and Ctrl +M

CTrl+C for both

CTrl+R for both

FMT ltd has recorded all transactions in INR – Rupee, For presentation purposes they wants to convert the entire balance sheet values in USD (Currency master USD already created)

Export Balance sheet in Excel , change each value by applying a standard rate of exchange

Not possible

In Balance sheet,Click on Alt+C, select foreign currency – give appropriate exchange rate and save it

Pass all transactions in USD in new books of accounts and then go to Balance sheet.

ITC (Input Tax Credit) GST Ledgers can be created only under following groups ?

Current Assets

Purchases

Duties and Taxes

All of the above

As per MCA Circular Maintaining Audit Trail for books in electronic form is applicable for which of the following?

All Companies which are listed in Stock exchange

All Companies having Turnover more than 10 CR

All Companies including Section 8 companies and Foreign companies in India

None of the above

Raj Jewellers Pvt Ltd enters sales transaction in Books of Accounts (TallyPrime) Once in a week ie Every Saturday. From 1st April 2023, After activating audit trail (Edit log) in TallyPrime

They have to enter transaction on Daily basis

They can continue to enter the transaction as earlier

Universe Group has 8 companies in different areas having in all, Surya the owner requires to see all 22 bank account balances for all companies at One go every day.

Open each books of account Go to Group Account summary and change company by clicking on F3 , note down all bank details and prepare the same in excel

Open any one books of account Go to Group Account summary and change company by clicking on F3 , note down all bank details and prepare the same in excel

Load all companies, Goto Group Summary - Bank accounts Click on Alt N and select Companies options

Go to Trial balance of each company and then prepare the same in excel