Time: 3 Hours
Maximum Marks: 100
Questions may be answered in Hindi or English.
Question 1 is compulsory. Attempt any four of the remaining questions.
From the following Trial Balance of ABCD Ltd. and additional information, prepare the Trading and Profit & Loss Account and Balance Sheet for the year ended 31st March 2017.
| Particulars | Debit (₹) | Credit (₹) |
|---|---|---|
| Plant and Machinery | 1,30,000 | — |
| Debtors | 50,000 | — |
| Creditors | — | 2,50,000 |
| Interest | 2,000 | — |
| Wages | 1,200 | — |
| Salaries | 2,500 | — |
| Carriage Inwards | 500 | — |
| Carriage Outwards | 700 | — |
| Returns Inwards | 2,000 | — |
| Returns Outwards | — | 2,500 |
| Factory Rent | 1,450 | — |
| Office Rent | 2,300 | — |
| Insurance Expense | 780 | — |
| Furniture | 22,500 | — |
| Buildings | 2,80,000 | — |
| Bills Payable | — | 70,000 |
| Provision for Bad Debts | — | 1,550 |
| Bills Receivable | 3,000 | — |
| Cash in Hand | 22,500 | — |
| Cash in Bank | 35,000 | — |
| Capital | — | 2,20,000 |
| Commission | 500 | — |
| Opening Stock | 60,000 | — |
| Purchases | 2,50,000 | — |
| Sales | — | 3,00,000 |
| Rent Received | — | 10,380 |
| Bad Debts | 3,500 | — |
| Commission Received | — | 16,000 |
Provision for Bad Debts is to be maintained at 5% and further bad debts amount to ₹2,000.
Rent received in advance is ₹6,000.
Prepaid Insurance is ₹200.
Depreciation is to be provided as follows:
Furniture @ 5%
Plant and Machinery @ 6%
Buildings @ 7%
Write short notes on any four of the following:
Promissory Note
Accrual Accounting
Sinking Fund
Reserve for Bad Debts
Intangible Assets
Debentures
(4 × 5 = 20 Marks)
Differentiate between any four of the following:
Journal and Ledger
Revenue Reserve and Capital Reserve
Trade Discount and Cash Discount
Loan and Overdraft
Dividend and Interest
Authorised Capital and Issued Capital
(4 × 5 = 20 Marks)
What are Subsidiary Books? What are the advantages of maintaining them? Briefly describe the different types of Subsidiary Books.
(20 Marks)
(10 Marks)
(10 Marks)
(7 Marks)
(8 Marks)
(5 Marks)
(5 Marks)
(15 Marks)
Balance as per Cash Book is ₹10,000 and balance as per Pass Book is ₹13,529.
A cheque for ₹1,000 was deposited but not recorded in the Cash Book.
A cash deposit of ₹200 was made but was not recorded in the bank column.
A cheque issued for ₹250 was not recorded.
The debit balance of ₹1,500 as on the previous day was brought forward as a credit balance.
The payment side of the Cash Book was undercast by ₹100.
A cash discount allowed of ₹112 was recorded as ₹121 in the bank column.
A cheque of ₹500 received from a debtor was recorded in the Cash Book but was not deposited in the bank for collection.
One outgoing cheque of ₹300 was recorded twice in the Cash Book.
Time: 3 Hours
Maximum Marks: 100
Questions may be answered in Hindi or English.
Question 1 is compulsory. Attempt any five of the remaining questions. Thus, a total of six questions are to be attempted.
Prepare a Trading and Profit & Loss Account and Balance Sheet for the year ended 31st March 2022 from the following Trial Balance of ABC Ltd. as at 31st March 2022 and the additional information provided below:
| Particulars | Debit (₹) | Credit (₹) |
|---|---|---|
| ABC Ltd.'s Capital Account | — | 2,60,000 |
| ABC Ltd.'s Drawings Account | 36,000 | — |
| Lease of Warehouse (10 Years to run from 1st April 2021) | 55,000 | — |
| Stock, 1st April 2021 | 2,65,000 | — |
| Bills Receivable | 47,000 | — |
| Sales | — | 14,45,000 |
| XYZ Ltd.'s Loan Account | 36,000 | — |
| Purchases | 7,35,000 | — |
| Creditors | — | 3,95,000 |
| Salaries and Wages | 62,000 | — |
| Insurance | 5,000 | — |
| Debtors | 6,65,000 | — |
| Carriage Inwards | 17,500 | — |
| Carriage Outwards | 30,000 | — |
| Commission | 15,000 | — |
| Interest | 19,000 | — |
| Stationery & Printing | 5,500 | — |
| Bills Payable | — | 66,500 |
| Returns Inwards | 27,500 | — |
| Returns Outwards | — | 25,000 |
| Trade Expenses | 6,500 | — |
| Office Fixtures | 20,000 | — |
| Cash in Office | 6,500 | — |
| Cash at Bank | 1,17,000 | — |
| Rent and Taxes | 21,000 | — |
| Total | 21,91,500 | 21,91,500 |
The stock on 31st March 2022 was ₹3,15,000.
₹5,500 for rent and ₹5,500 for salaries were outstanding.
₹1,500 was prepaid in respect of insurance.
The lease is to be written off by 10 percent.
Office fixtures are to be depreciated by 5 percent.
Write short notes on any three of the following:
Advantages of Double Entry System
Bills Payable
Sinking Fund
Promissory Note
(5 × 3 = 15 Marks)
(1 × 7 = 7 Marks)
Building
Carriage Inwards
Commission Received
Bank Account
Mr. Rao's Account
Salary Account of Mohan
Goodwill Account
(4 + 4 = 8 Marks)
(5 Marks)
(10 Marks)
Balance as per Pass Book as on 31st March 2022 is ₹87,000. Balance as per Cash Book is ₹78,000.
A cheque of ₹30,000 was deposited in the bank on 30th March 2022, but has not yet been credited.
A cheque of ₹15,000 was issued but has not yet been presented for payment.
An insurance premium of ₹20,000 was paid by the bank.
Bank interest of ₹4,000 was credited by the bank but was not recorded in the Cash Book.
₹40,000 was deposited directly into the bank by the customer.
Differentiate between any three of the following:
Cash Discount and Trade Discount
Revenue Expenditure and Capital Expenditure
Assets and Liabilities
Journal and Ledger
(5 × 3 = 15 Marks)
(4 + 3 = 7 Marks)
(3 + 5 = 8 Marks)
What is depreciation? What is the need for providing depreciation? Enumerate the several methods (minimum five) of providing for depreciation and explain any one method with an example.
(3 + 4 + 8 = 15 Marks)
(4 + 6 = 10 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
NORTH CENTRAL RAILWAY
APPENDIX-IIA (IREM) EXAM, 2021
SUBJECT: ELEMENTARY BOOK KEEPING
Maximum Marks: 100
Time: 3 Hours
Note:
Questions may be answered in Hindi or English.
Question 1 is compulsory. Attempt any five of the remaining questions. Total six questions are to be attempted.
QUESTION 1 — 25 Marks
Prepare Trading and Profit & Loss Account and Balance Sheet for the year ended on 31st March 2021 from the following Trial Balance of ABC Ltd. as at 31st March 2021 and additional information provided below:
| Particulars | Debit (₹) | Credit (₹) |
|---|---|---|
| ABC Ltd.'s Capital Account | — | 2,50,000 |
| ABC Ltd.'s Drawings Account | 28,000 | — |
| Lease of Warehouse (10 Years to run from 1st April 2020) | 50,000 | — |
| Stock, 1st April 2020 | 2,50,000 | — |
| Bills Receivable | 40,000 | — |
| Sales | — | 14,00,000 |
| XYZ Ltd.'s Loan Account | 30,000 | — |
| Purchases | 7,50,000 | — |
| Creditors | — | 4,00,000 |
| Salaries and Wages | 60,000 | — |
| Insurance | 4,000 | — |
| Debtors | 6,50,000 | — |
| Carriage Inwards | 17,000 | — |
| Carriage Outwards | 29,000 | — |
| Commission | 15,000 | — |
| Interest | 18,000 | — |
| Stationery & Printing | 5,000 | — |
| Bills Payable | — | 63,000 |
| Returns Inwards | 26,000 | — |
| Returns Outwards | — | 10,000 |
| Trade Expenses | 6,000 | — |
| Office Fixtures | 20,000 | — |
| Cash in Office | 5,000 | — |
| Cash at Bank | 1,00,000 | — |
| Rent and Taxes | 20,000 | — |
| Total | 21,23,000 | 21,23,000 |
Additional Information:
The stock on 31st March 2021 was ₹3,00,000.
₹4,000 for rent and ₹6,000 for salaries were outstanding.
₹1,000 was paid in advance in respect of insurance.
The lease is to be written off by 10 percent.
Office fixtures are to be depreciated by 5 percent.
QUESTION 2 — 15 Marks
Write short notes on any three of the following:
(i) Objectives of Book Keeping
(ii) Bill of Exchange
(iii) Reducing Balance Method of Depreciation
(iv) Analytical Petty Cash Book
QUESTION 3
(a) Give four examples each of Personal Accounts, Real Accounts and Nominal Accounts.
(6 Marks)
(b) Anand is a trader dealing in textiles. For the following transactions, pass journal entries for the month of January 2021.
(1.5 × 6 = 9 Marks)
Purchased goods from X and Co. on credit — ₹30,000
Bought a building from Y and Co. on credit — ₹95,000
Cash withdrawn from bank for office use — ₹5,000
Towels given to charities — ₹3,000
Sarees distributed as free samples — ₹3,000
Goods (table clothes) used for office use — ₹200
QUESTION 4 — 15 Marks
XYZ Ltd. has a difference in the balance as per Cash Book and Bank Statement as on 31st March 2021. You are advised to prepare a Bank Reconciliation Statement as on that date with the following information:
Balance as per Bank Statement as on 31st March 2021 is ₹40,000. Balance as per Cash Book is ₹14,000.
Cheques of ₹10,000 and ₹5,000 issued on 30th March 2021, but not yet cleared.
An insurance premium paid by bank ₹2,000. It is not yet recorded in Cash Book.
An outgoing cheque of ₹20,000 recorded twice in the Cash Book. It is properly recorded in the bank statement.
Payment of a cheque of ₹4,000 recorded twice in Pass Book.
Dividends received ₹5,000 recorded only in the bank statement and not in the Cash Book.
Cheque of ₹7,000 deposited on 29th March 2021, but it is not yet collected.
Bank charges of ₹1,000 debited only in Bank Pass Book.
QUESTION 5 — 15 Marks
Differentiate between any three of the following:
(i) Cash Discount and Trade Discount
(ii) Reserve Fund and Reserve Account
(iii) Fixed Assets and Floating Assets
(iv) Opening Entries and Closing Entries
QUESTION 6
(a) What do you understand by Prepaid Expenses? Explain with an example.
(5 Marks)
(b) Explain what you understand by Bad Debts and Doubtful Debts. What entries would you pass to write off Bad Debts?
(7 + 3 = 10 Marks)
QUESTION 7
(a) Mention the different ways in which a bill can be endorsed, and state clearly the effect of each endorsement.
(11 Marks)
(b) What do you understand by a Promissory Note?
(4 Marks)
QUESTION 8 — 15 Marks
What is a Trial Balance? Mention the different classes of errors, the presence of which would prevent a Trial Balance from agreeing. What type of errors does a Trial Balance fail to disclose?
(4 + 5 + 6 = 15 Marks)
QUESTION 9
(a) What purpose does a Balance Sheet serve?
(5 Marks)
(b) Explain Deferred Revenue Expenditure.
(5 Marks)
(c) What do you understand by Noting and Protesting in relation to dishonouring of bills?
(5 Marks)
A. Actual distance
B. Rounded distance slabs
C. Weight
D. Time
A. Distance only
B. Weight or measurement whichever higher
C. Volume only
D. Flat rate
A. 80 kg
B. 100 kg
C. 120 kg
D. 200 kg
A. 1 kg
B. 5 kg
C. 10 kg
D. 20 kg
A. Part I
B. Part II
C. Part III
D. Part IV
A. 8 kg
B. 10 kg
C. 5 kg
D. 1 kg
A. Free luggage
B. Parcel
C. Scrap
D. Goods
A. Distance
B. Class of travel
C. Weight
D. Train speed
A. Ignore
B. Use actual
C. Use higher
D. Average
A. Distance + weight
B. Weight only
C. Time
D. Class
A. Scale rate
B. Passenger fare
C. GST
D. Discount
A. Delay in booking
B. Delay in removal
C. Delay in train
D. Refund
A. Parcel delayed in godown
B. Wagon detained
C. Passenger delayed
D. Ticket cancelled
A. Fine
B. Wharfage
C. Demurrage
D. Penalty
A. Parcel
B. Passenger
C. Special rate
D. Free
A. Free
B. Parcel rate
C. Special dog rate
D. Luggage
A. Luggage
B. Parcel
C. Special article
D. Free
A. Part I
B. Part II
C. Part III
D. Part IV
A. Weight
B. Prescribed rate
C. Distance
D. Both B & C
A. Accepted normally
B. Rejected or booked at owner’s risk
C. Free
D. Ignored
A. Higher
B. Lower
C. Same
D. Free
A. Lower
B. Higher
C. Same
D. Double
A. Reduced
B. Increased
C. Same
D. Ignored
A. Invoice
B. Forwarding note
C. Ticket
D. GST
A. Actual route
B. Shortest route
C. Approved route
D. All
A. Error
B. Shortest route applied
C. Discount
D. Special train
A. Express parcels
B. Ordinary parcels
C. Special goods
D. Animals
A. Luggage
B. Special parcels
C. Animals
D. Scrap
A. 10 kg
B. 5 kg
C. 20 kg
D. 1 kg
A. Distance
B. Weight
C. Both
D. None
A. Accepted
B. Converted to parcel
C. Free
D. Ignored
A. Declaration
B. Permission
C. Special packing
D. All
A. Red Tariff
B. Green Tariff
C. Blue Tariff
D. None
A. No action
B. Penalty
C. Refund
D. Discount
A. Ticket
B. Waybill
C. Invoice
D. Receipt
A. Free
B. Parcel
C. Special
D. Goods
A. 15 kg
B. 10 kg
C. 20 kg
D. 5 kg
A. Estimate
B. Measurement
C. Guess
D. Ignore
A. Formula
B. Table
C. Guess
D. Average
A. Receipt
B. Identity
C. Payment
D. All
A. Part I Vol II
B. Part II
C. Part III
D. Part IV
A. ID
B. Certificate
C. Ticket
D. All
A. Free travel
B. Reduced fare
C. No fare
D. Double fare
A. Lower class
B. Higher class
C. Average
D. None
A. Part I
B. Part II
C. Part III
D. None
A. Part III
B. Part II
C. Part I
D. Part IV
A. 20 kg
B. 25 kg
C. 30 kg
D. 10 kg
A. Cars
B. Aeroplanes
C. Motorcycles
D. All
A. Delivery
B. Disposal
C. Auction
D. All
A. Uniform rules
B. Uniform rates
C. Standard procedures
D. All
1-B, 2-B, 3-C, 4-C, 5-C
6-B, 7-B, 8-B, 9-C, 10-A
11-A, 12-B, 13-B, 14-B, 15-C
16-C, 17-C, 18-D, 19-D, 20-B
21-B, 22-B, 23-B, 24-B, 25-C
26-B, 27-A, 28-B, 29-A, 30-C
31-B, 32-D, 33-A, 34-B, 35-B
36-B, 37-C, 38-B, 39-A, 40-D
41-A, 42-B, 43-B, 44-B, 45-A
46-A, 47-C, 48-D, 49-D, 50-D
A. 42 kg
B. 50 kg
C. 55 kg
D. 60 kg
A. Exact weight
B. Next 5 kg
C. Next 10 kg
D. Nearest kg
A. 20 kg
B. 23 kg
C. 25 kg
D. 30 kg
A. 18 kg
B. 20 kg
C. 21 kg
D. 25 kg
A. Exact km charging
B. Rounded km charging
C. Free km
D. Discount
A. Exact 610 km
B. Next slab
C. Previous slab
D. Average
A. Urgent parcels
B. Ordinary parcels
C. Luggage
D. Animals
A. Passenger luggage
B. Express parcels
C. Scrap
D. Animals
A. Faster service
B. Heavier
C. Longer distance
D. Special tax
A. No effect
B. Pay percentage charge
C. Free
D. Reject
A. Speed
B. Liability
C. Distance
D. Weight
A. Lower
B. Higher
C. Same
D. Double
A. High value
B. Low value
C. Heavy parcel
D. Long distance
A. Full compensation
B. Limited liability
C. No liability
D. Double refund
A. Booking
B. Arrival
C. Free time expiry
D. Delivery
A. 6 hours
B. 12 hours
C. 24 hours
D. 48 hours
A. No charge
B. Wharfage
C. Demurrage
D. Penalty
A. Parcel
B. Wagon detention
C. Passenger
D. Ticket
A. Wharfage
B. Demurrage
C. Penalty
D. Free
A. Only one
B. Both
C. Higher
D. Lower
A. Distance
B. Class
C. Time
D. Speed
A. Parcel rate
B. Luggage rate
C. Goods rate
D. Free
A. Allowed
B. Treated as parcel
C. Free
D. Ignored
A. 40 kg
B. 80 kg
C. 20 kg
D. 60 kg
A. Parcel scale
B. Special luggage rate
C. Goods rate
D. GST
A. Luggage
B. Parcel
C. Special article
D. Free
A. Weight
B. Fixed tariff
C. Distance
D. Both B & C
A. Parcel rate
B. Special scale
C. Goods rate
D. Luggage
A. Luggage
B. Parcel
C. Special articles
D. Scrap
A. Parcel
B. Special class
C. Free
D. Goods
A. Free
B. Fixed dog charge
C. Parcel rate
D. Goods rate
A. Declaration
B. Packing
C. Permission
D. All
A. No issue
B. Penalty
C. Refund
D. Free
A. Normal goods
B. Dangerous goods
C. Passenger
D. Refund
A. Refund
B. Auction
C. Return
D. Destroy
A. Actual
B. Volumetric
C. Higher of both
D. Lower
A. Weight
B. Volume
C. Distance
D. Time
A. Multiplication factor
B. Division factor
C. Fixed table
D. None
A. Ignore
B. Estimate
C. Use measurement
D. Free
A. Forwarding note
B. Invoice
C. Declaration
D. All
A. Actual
B. Shortest route
C. Longest route
D. Random
A. Charged higher
B. Charged shortest
C. Free
D. Discount
A. Part I
B. Part II
C. Part III
D. Part IV
A. Part II
B. Part III
C. Part IV
D. Part I
A. Part I Vol II
B. Part II
C. Part III
D. Part IV
A. Part I
B. Part II
C. Part III
D. None
A. Receipt
B. Identity
C. Charges cleared
D. All
A. Returned
B. Auction
C. Destroyed
D. All
A. Uniform rules
B. Uniform charges
C. Standard system
D. All
A. Profit
B. Standardization
C. Tax
D. Audit
A. 76 kg
B. 90 kg
C. 92 kg
D. 100 kg
A. 90 kg
B. 92 kg
C. 100 kg
D. 110 kg
A. 845 km
B. 840 km
C. 850 km
D. 800 km
A. Same charge
B. P higher
C. R higher
D. No difference
A. % of excess value
B. Flat rate
C. Double rate
D. Free
A. ₹50,000
B. ₹1,00,000
C. ₹50,000 excess
D. Nil
A. Railway liable fully
B. Limited liability
C. No liability
D. Double liability
A. Wharfage
B. Demurrage
C. Both
D. None
A. Wharfage starts
B. Demurrage starts
C. No charge
D. Refund
A. Demurrage
B. Wharfage
C. Penalty
D. None
A. 45 kg
B. 50 kg
C. 55 kg
D. 60 kg
A. Parcel rate
B. Luggage rate
C. Goods rate
D. Free
A. Free
B. Parcel
C. Special article
D. Goods
A. Allowed
B. Parcel
C. Free
D. Ignored
A. 15 kg
B. 17 kg
C. 20 kg
D. 25 kg
A. 100 kg
B. 101 kg
C. 110 kg
D. 120 kg
A. Actual
B. Shortest route
C. Longest
D. Random
A. Charge higher
B. Charge shortest
C. Free
D. Discount
A. 150 kg
B. 200 kg
C. 175 kg
D. 180 kg
A. Fixed divisor
B. Random
C. Distance
D. Time
A. Parcel rate
B. Special tariff
C. Goods rate
D. Luggage
A. Luggage
B. Parcel
C. Special article
D. Free
A. Free
B. Parcel
C. Special article
D. Goods
A. Parcel
B. Special rate
C. Goods
D. Free
A. Free
B. Fixed charge
C. Parcel
D. Goods
A. Declaration
B. Special packing
C. Permission
D. All
A. No effect
B. Penalty
C. Refund
D. Free
A. Red Tariff
B. Green
C. Blue
D. Yellow
A. Accepted
B. Owner’s risk
C. Free
D. Rejected
A. Description
B. Weight
C. Value
D. All
A. Return
B. Auction
C. Destroy
D. All
A. Charges
B. Loss
C. Both
D. None
A. Refund
B. Loss
C. Balance recovered
D. Free
A. Receipt
B. ID
C. Charges cleared
D. All
A. Fairness
B. Uniformity
C. Standardization
D. All
A. Ignored
B. Corrected
C. Free
D. Penalized
A. Existing bookings
B. New bookings
C. Both
D. None
A. All railways
B. Only zones
C. Only stations
D. None
A. True
B. False
C. Partial
D. None
A. Profit
B. Cost recovery
C. Tax
D. Audit
A. ₹150
B. ₹175
C. ₹200
D. ₹250
A. ₹240
B. ₹248
C. ₹280
D. ₹300
A. ₹120
B. ₹144
C. ₹150
D. ₹180
A. ₹200
B. ₹210
C. ₹220
D. ₹240
A. ₹50
B. ₹100
C. ₹150
D. ₹200
A. Lower class
B. Higher class
C. Average
D. Separate
A. ID
B. Certificate
C. Approval
D. All
A. Free
B. Reduced
C. Double
D. Nil
A. Part I
B. Part II
C. Part III
D. Part IV
A. Uniform rules
B. Uniform charges
C. Standard procedure
D. All
1-C, 2-C, 3-D, 4-C, 5-B
6-B, 7-B, 8-B, 9-A, 10-B
11-B, 12-B, 13-B, 14-B, 15-C
16-C, 17-B, 18-B, 19-B, 20-B
21-B, 22-B, 23-B, 24-A, 25-B
26-C, 27-D, 28-B, 29-C, 30-B
31-B, 32-D, 33-B, 34-B, 35-B
36-C, 37-B, 38-A, 39-C, 40-D
41-B, 42-B, 43-C, 44-A, 45-A
46-A, 47-D, 48-D, 49-D, 50-B
51-C, 52-C, 53-C, 54-B, 55-A
56-C, 57-B, 58-A, 59-A, 60-B
61-C, 62-B, 63-B, 64-B, 65-C
66-C, 67-B, 68-B, 69-B, 70-A
71-B, 72-C, 73-C, 74-B, 75-B
76-D, 77-B, 78-A, 79-B, 80-D
81-D, 82-C, 83-C, 84-D, 85-D
86-B, 87-B, 88-A, 89-A, 90-B
91-C, 92-C, 93-C, 94-C, 95-B
96-B, 97-D, 98-B, 99-A, 100-D
A. Amend GST
B. Amend Direct Taxes
C. Regulate RBI
D. Control inflation
A. Date of presentation
B. 1st April of assessment year
C. Date of Presidential assent
D. Budget day
A. Income Tax Act
B. Finance Act
C. GST Act
D. RBI Act
A. RBI
B. Parliament
C. Finance Minister
D. CBDT
A. Approval of CBDT
B. Passing by Parliament & assent
C. Audit
D. Notification
A. Same year
B. Previous year
C. Assessment year
D. Next financial year
A. Income
B. Tax
C. Gross receipts
D. Profit
A. Income
B. Tax + surcharge
C. Gross income
D. Net income
A. Simplification
B. Digitization
C. Transparency
D. All
A. Optional
B. Mandatory
C. Temporary
D. Ignored
A. Business income
B. Salary income
C. Capital gains
D. Other sources
A. All taxpayers
B. Individuals
C. Companies
D. Firms
A. GST Act
B. Finance Act
C. RBI Act
D. SEBI
A. Increase tax
B. Reduce corruption
C. Increase workload
D. Delay cases
A. Local office
B. Online platform
C. Courts
D. Banks
A. E-filing
B. CPC
C. AIS
D. All
A. Central Processing Centre
B. Central Payment Cell
C. Central Public Commission
D. None
A. Returns
B. Refunds
C. Adjustments
D. All
A. Delhi
B. Mumbai
C. Bengaluru
D. Chennai
A. Tax data
B. Financial transactions
C. Income details
D. All
A. Taxpayer Information Summary
B. Tax Information System
C. Tax Income Sheet
D. None
A. Form 16
B. Form 26AS
C. PAN
D. TAN
A. Tax
B. Human interface
C. Filing
D. Refund
A. PAN
B. Notices
C. GST
D. Audit
A. Transparency
B. Tracking
C. Authenticity
D. All
A. Errors
B. Corruption
C. Time
D. All
A. Physical meetings
B. Online portal
C. Court
D. Bank
A. Filing
B. Refund tracking
C. Notice response
D. All
A. Tax collection
B. Monitoring corruption
C. Filing returns
D. Budgeting
A. Integrity
B. Discipline
C. Transparency
D. All
A. Fraud
B. Misconduct
C. Corruption
D. All
A. Punish
B. Prevent misconduct
C. Audit
D. Collect tax
A. Skill development
B. Awareness
C. Efficiency
D. All
A. National Academy of Direct Taxes
B. National Audit Department
C. National Accounts Division
D. None
A. Delhi
B. Mumbai
C. Nagpur
D. Chennai
A. Updating knowledge
B. Improving efficiency
C. Handling technology
D. All
A. Digitization
B. Compliance
C. Ease of doing business
D. All
A. AIS
B. 26AS
C. TDS data
D. All
A. Filing
B. Physical signature
C. Audit
D. Assessment
A. CPGRAMS
B. AIS
C. TDS
D. GST
A. Increase penalty
B. Ensure transparency
C. Delay cases
D. None
A. Audit selection
B. Refund
C. Filing
D. Payment
A. Tax evasion detection
B. Filing
C. Payment
D. Audit
A. Identity verification
B. Transparency
C. Compliance
D. All
A. Cash transactions
B. Digital transactions
C. Barter
D. None
A. GST
B. Income tax
C. Audit
D. Banking
A. Speed
B. Accuracy
C. Transparency
D. All
A. CBDT
B. RBI
C. SEBI
D. GST
A. Technical
B. Legal
C. IT systems
D. All
A. Revenue increase
B. Compliance
C. Transparency
D. All
A. Date of assent
B. 1st April of relevant assessment year
C. Budget day
D. Notification date
A. Income
B. Tax liability
C. Gross receipts
D. Expenses
A. 2%
B. 3%
C. 4%
D. 5%
A. FY 2021-22
B. FY 2022-23
C. FY 2023-24
D. FY 2024-25
A. All taxpayers
B. Individuals & HUF
C. Companies
D. Firms only
A. 139
B. 143(3A)
C. 80C
D. 194
A. Physical
B. Dynamic
C. Fixed
D. Local
A. All communications
B. PAN
C. GST
D. Audit
A. Valid
B. Invalid
C. Optional
D. Conditional
A. Paperwork
B. Physical interaction
C. Delay
D. All
A. Property
B. Shares
C. Bank deposits
D. All
A. AIS
B. PAN
C. TAN
D. GST
A. Errors
B. Effort
C. Time
D. All
A. Processing returns
B. Refunds
C. Adjustments
D. All
A. 143(1)
B. 245
C. 139
D. 80C
A. Selecting cases
B. Refund
C. Filing
D. Payment
A. Detecting evasion
B. Compliance monitoring
C. Risk assessment
D. All
A. 139AA
B. 80C
C. 194
D. 143
A. Penalty only
B. PAN inoperative
C. Refund delay
D. Both A & B
A. Awareness
B. Compliance
C. Voluntary disclosure
D. All
A. CBDT vigilance wing
B. RBI
C. SEBI
D. GST
A. Corruption
B. Misconduct
C. Abuse of power
D. All
A. Training
B. Monitoring
C. System improvement
D. All
A. Prevention
B. Punishment
C. Training
D. Audit
A. Misconduct
B. Fraud
C. Corruption
D. All
A. IRS officers
B. Clerks
C. Bankers
D. Auditors
A. Law
B. IT systems
C. Investigation
D. All
A. Updated knowledge
B. Efficiency
C. Compliance
D. All
A. Training
B. Filing
C. Audit
D. Payment
A. Efficiency
B. Accuracy
C. Decision-making
D. All
A. Revenue mobilization
B. Compliance
C. Transparency
D. All
A. Cash incentives
B. Digital transactions
C. Barter
D. None
A. Domestic tax
B. Digital transactions
C. GST
D. Audit
A. General Anti-Avoidance Rules
B. Gross Accounting Rules
C. General Audit Rules
D. None
A. Tax evasion
B. Tax avoidance
C. Compliance
D. Filing
A. Bias
B. Transparency
C. Delay
D. None
A. Income Tax Business Application
B. Income Tax Banking App
C. Internal Tax Board Application
D. None
A. Assessment
B. Appeals
C. Penalty
D. All
A. Paperless work
B. Efficiency
C. Transparency
D. All
A. Authentication
B. Security
C. Integrity
D. All
A. CBDT circulars
B. Case laws
C. Rules
D. All
A. Circulars
B. Instructions
C. Notifications
D. All
A. Assessee
B. Department
C. Court
D. None
A. Prospective
B. Retrospective
C. Both
D. None
A. Future
B. Past
C. Present
D. None
A. Human error
B. Delay
C. Corruption
D. All
A. Tracking income
B. Detecting evasion
C. Compliance
D. All
A. Efficiency
B. Transparency
C. Accountability
D. All
A. Discipline
B. Integrity
C. Accountability
D. All
A. Ease of doing business
B. Compliance
C. Transparency
D. All
1-B, 2-C, 3-B, 4-C, 5-B
6-C, 7-B, 8-B, 9-D, 10-A
11-B, 12-B, 13-B, 14-B, 15-B
16-D, 17-A, 18-D, 19-C, 20-D
21-A, 22-B, 23-B, 24-B, 25-D
26-D, 27-B, 28-D, 29-B, 30-D
31-D, 32-B, 33-D, 34-A, 35-C
36-D, 37-D, 38-D, 39-B, 40-A
41-B, 42-A, 43-A, 44-D, 45-B
46-A, 47-D, 48-A, 49-D, 50-D
51-B, 52-B, 53-C, 54-C, 55-B
56-B, 57-B, 58-A, 59-B, 60-D
61-D, 62-A, 63-D, 64-D, 65-B
66-A, 67-D, 68-A, 69-D, 70-D
71-A, 72-D, 73-D, 74-B, 75-D
76-A, 77-D, 78-D, 79-A, 80-D
81-D, 82-B, 83-B, 84-A, 85-B
86-B, 87-A, 88-D, 89-D, 90-D
91-D, 92-D, 93-B, 94-C, 95-B
96-D, 97-D, 98-D, 99-D, 100-D
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