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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.
Explain 'Grade Pay', 'Dearness Allowance' and 'Transport Allowance' as components of payroll.
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.
OR
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 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.