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Accountancy · 2022 · 3 marks
CBSE 2022 · Region 1 · Set 2 · Q11
Explain 'Grade Pay', 'Dearness Allowance' and 'Transport Allowance' as components of payroll.ORList the information to be filled while creating a company using 'Gateway of Tally.
OR
List the information to be filled while creating a company using 'Gateway of Tally.Marking-scheme solution
Grade Pay (GP): It is the pay to be added to the Basic Pay according to the
Designation of the employee and applicable pay band or scale of pay.
Dearness Allowance (DA): It is the compensation for the erosion in the
purchasing power of wage earner due to price rise. It is granted by the
Government periodically as a percentage of (Basic Pay + Dearness Pay, if
applicable).
Transport Allowance (TA): It is an amount to facilitate commuting to the place
of work, i.e. Delhi, Bhopal, Haridwar, etc.
Q. List the information to be filled while creating a company using ‘Gateway
of Tally’.
Ans.The information to be filled while creating a company using ‘Gateway of
Tally’:
(i)
Company Name
(ii)
Company Mailing Address
(iii)
Company Address
(iv)
IT Number
(v)
Accounting Module
(vi)
Financial Year
(vii)
Saving the Company Profile
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CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.