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(Q) A company submit their TDS in a year maximum ________ times

  1. 2 times
  2. 3 times
  3. 4 times
  4. 6 times

Ans : 4 times

(Q) Apply for new Service Tax registration by__________

  1. ST-1 Form
  2. ST-2 Form
  3. ST-3 Form
  4. None of them

Ans : ST-1 Form

(Q) Attendance voucher is invoked by__________

  1. Alt + F5
  2. Ctrl + F5
  3. Alt + Ctrl + F5
  4. None of these

Ans : Ctrl + F5

(Q) Bill adjustment entry from which menu__________

  1. Entry
  2. Reports
  3. masters
  4. Utility

Ans : Entry

(Q) Bill of material create is under____________

  1. Transactions
  2. Configuration
  3. Masters
  4. Display

Ans : Masters

(Q) Bill summary is display in______________

  1. Display
  2. Transactions
  3. Printing
  4. Administration

Ans : Display

(Q) By default printer setting is ____________

  1. Generic laser printers
  2. Generic Dot matrix printers
  3. Generic laser printers A4
  4. None of these

Ans : Generic Dot matrix printers

(Q) Can We create Cash in hand ledger in ACE__________

  1. Yes
  2. No
  3. N.A.
  4. N.A.

Ans : Yes

(Q) Cash flow options is under__________

  1. Masters
  2. Utility
  3. Reports
  4. Mis-Reports

Ans : Reports

(Q) cash/bank book are present __________ menu

  1. Entry
  2. Mis-Reports
  3. Entry and report menu
  4. None of these

Ans : Entry and report menu

(Q) Central Sales Tax is levied by__________

  1. Sate Government
  2. Central Government
  3. Finance Commission
  4. Planning Commission

Ans : Central Government

(Q) Company features will be use from__________

  1. Transactions
  2. house keeping
  3. Configuration
  4. Display

Ans : Configuration

(Q) Company Setting are present in _________ menu

  1. Masters
  2. Mis-Reports
  3. Company
  4. None of these

Ans : Company

(Q) CST act apply only__________

  1. Intra state sales
  2. import and export sales
  3. Interstate sales
  4. none of these

Ans : Interstate sales

(Q) CST can apply under act__________

  1. Central Sale tax Act 1957
  2. Central Sale tax Act 1958
  3. Central Sale tax Act 1959
  4. Central Sale tax act 1945

Ans : Central Sale tax Act 1957

(Q) CST stands for__________

  1. Central Sale tax
  2. Central State Tax
  3. Collected sale tax
  4. none of these

Ans : Central Sale tax

(Q) Data Freezing system done by__________

  1. Payment voucher
  2. Utilities option
  3. Receipt voucher
  4. Contra voucher

Ans : Utilities option

(Q) Data import export can do from which menu__________

  1. Administration
  2. Company
  3. Features
  4. House keeping

Ans : Administration

(Q) Deduction under section 80CCC is allowed to the extent of__________

  1. 100000
  2. 200000
  3. Rs 300000
  4. None of these

Ans : 100000

(Q) Display the history of all Work what you do in previous__________

  1. Entry
  2. Masters
  3. Favorities
  4. Reports

Ans : Favorities

(Q) Due date for submission of ER-6 Return__________

  1. 5th of next month for the Principal
  2. 10th of next month for the Principal
  3. 15th of next month for the Principal
  4. None of these

Ans : 10th of next month for the Principal

(Q) During Item creation Default valuation method is____________

  1. Fifo
  2. Lifo
  3. Average
  4. Std Cost

Ans : Average

(Q) Employee claim for their TDS refunding by submit__________

  1. ITR-1
  2. ITR-2
  3. ITR-4
  4. ITR-7

Ans : ITR-1

(Q) Employer EPS pay head is under pay head type__________

  1. Employees Statutory Deductions
  2. Earnings for employees
  3. Employers Statutory Contributions
  4. Employers Statutory Deductions

Ans : Employers Statutory Contributions

(Q) EPF administrative charges payable by employers rate of 1-1-15 onwards__________

  1. 0.65%
  2. 0.85%
  3. 1.10%
  4. 0.37%

Ans : 0.85%

(Q) Eps contribution rate is__________

  1. 8.33%
  2. 3.67%
  3. 8.34%
  4. 8.31%

Ans : 8.33%

(Q) ERP Stands For__________

  1. Electricity Resources Plant
  2. Enterprises resources Part
  3. Enterprises Resources Planning
  4. None Of These

Ans : Enterprises Resources Planning

(Q) Export the data from which menu__________

  1. Masters
  2. Company
  3. Reports
  4. Utility

Ans : Utility

(Q) Final account are present in__________

  1. Query
  2. Masters
  3. Mis-Reports
  4. Company

Ans : Query

(Q) Form 16A related with__________

  1. VAT
  2. TDS
  3. CST
  4. Service Tax

Ans : TDS

(Q) Form 26Q is applicable for TDS deducted under section of income tax act__________

  1. 200(3)
  2. 200(4)
  3. 100(3)
  4. 104(3)

Ans : 200(3)

(Q) From which menu you can upgrade the Software__________

  1. Utility
  2. Reports
  3. Query
  4. Company

Ans : Utility

(Q) Gratuity effected only__________

  1. basic pay
  2. house rent allowance
  3. Da
  4. Pf

Ans : basic pay

(Q) House rent allowance is a type of__________

  1. Pay heads
  2. Attendance
  3. Employee
  4. None of these

Ans : Pay heads

(Q) How many default ledger in ACE__________

  1. 10
  2. 20
  3. 15
  4. 30

Ans : 20

(Q) how many types of attendance or production types__________

  1. 2
  2. 4
  3. 3
  4. 1

Ans : 3

(Q) How to create a Bom in ACE__________

  1. Utility>Production formula
  2. Masters>Products & Services>Production formula
  3. Entry>Product & Services>Production formula
  4. None of these

Ans : Masters>Products & Services>Production formula

(Q) How to go new financial year ?

  1. Split year
  2. split company
  3. Change financial year
  4. Change Company date

Ans : Change financial year

(Q) If PAN No is not furnish the TDS Rate is__________

  1. 1.00%
  2. 20.00%
  3. 2.00%
  4. None of these

Ans : 20.00%

(Q) Input vat related to__________

  1. on sales
  2. on purchase
  3. both 1 and 2
  4. None of these

Ans : on purchase

(Q) Insurance defines under section _______as per IT Act

  1. 80C
  2. 80CCD
  3. 80GGB
  4. 80GGC

Ans : 80C

(Q) Is required password and user when Company open in Busy__________

  1. Yes
  2. No
  3. N.A.
  4. N.A.

Ans : Yes

(Q) Minimum Administrative charges payable per month per establishment is__________

  1. Rs 600
  2. Rs 5
  3. Rs 500
  4. Rs 50

Ans : Rs 500

(Q) Pay roll features are activated in__________

  1. Accounting features
  2. Inventory features
  3. Configuration
  4. None of these

Ans : Accounting features

(Q) Payroll Autofill is used by__________

  1. Ctrl + A
  2. Alt + A
  3. Alt + Ctrl + A
  4. Shift + Ctrl + A

Ans : Alt + A

(Q) Payroll voucher is invoked by__________

  1. Alt + F4
  2. Ctrl + F4
  3. Alt + Ctrl + F4
  4. None of these

Ans : Ctrl + F4

(Q) Shortcut key of Calculator in Busy__________

  1. F11
  2. Alt + F1
  3. F10
  4. F12

Ans : F10

(Q) Stock transfer option is under__________

  1. Transactions
  2. Utilities option
  3. Company
  4. House keeping

Ans : Transactions

(Q) Unit Conversion is a type of _______ unit

  1. Normal
  2. Simple
  3. Compound
  4. None of these

Ans : Compound

(Q) User can define menu rights from__________

  1. Security Rights grouping
  2. Administration Users
  3. Security Control
  4. None of these

Ans : Administration Users

(Q) VAT activate from which options__________

  1. Company Creation
  2. Configuration
  3. Display
  4. House keeping

Ans : Company Creation

(Q) VAT adjustment can be done by__________

  1. Vat computation
  2. VAT Journal
  3. Statutory Payment
  4. Journal

Ans : VAT Journal

(Q) What is the type of calculation of Overtime pay__________

  1. On Attendance
  2. On Flat rate
  3. On Production
  4. User define

Ans : On Production

(Q) Where is PF Contribution by an employer @10%?

  1. Below 20 employees
  2. Above 20 Employees
  3. Below 25 employees
  4. below 30 employees

Ans : Below 20 employees

(Q) Which company developed and marketed Busy Win?

  1. Peutronics Pvt. Ltd.
  2. Busy Infotech Pvt. Ltd.
  3. Eastern Data Ltd.
  4. Tata Consultancy Service

Ans : Busy Infotech Pvt. Ltd.