✓ Board-verified
Accountancy · 2022 · 3 marks
CBSE 2022 · Region 4 · Set 2 · Q11
Explain, how total earnings are calculated.
Explain, how total earnings are calculated.
OR
How are numbers assigned to vouchers ? Explain.
Marking-scheme solution
Total earnings are aggregate of all the following earning elements :
(i)
Basic Pay Earned (BPE) –
Basic Pay Earned of an employee is the Basic pay calculated with reference
to number effective days present (NOEDP) during the month.
BPE = BP x NOEDP/NODM (Number of days in a month)
(ii)
Dearness Allowance (DA)
DA = BPE x Applicable rate of DA for the month
(iii)
House Rent Allowance (HRA):
HRA = BPE x Applicable rate of HRA for the month
(iv)
Transport Allowance (TRA) :
TRA = Fixed Amount or on Percentage basis.
Thus, Total Earnings (TE) = BPE + DA + HRA + TRA
Q. How are numbers assigned to Vouchers? Explain.
Ans.
For Voucher numbering, following methods are available :
(i)
Manual :
This method allows you to number vouchers yourself. It does not check
for sequence of all the numbers and permits you to specify anything you
wish in voucher number field. However, you may choose to prevent
entry of duplicate numbers by enabling ‘Prevent Duplicates’ option at the
time of creation itself.
(ii)
Automatic
Automatic system instructs Tally to number the vouchers of this type
incrementing automatically. This method is both : flexible and exhaustive.
All Using Computerised Accounting System questions2022 question paperPractice Using Computerised Accounting System →
More from Using Computerised Accounting System
- List the necessary information to be filled by a user on company creation screen. OR What is a Chart/Graph? Explain its advantages.2026
- Explain 'Password Security' and 'Data Audit' as security features of Computerised Accounting System. OR What is Data formatting? What tools are used…2024
- Explain the accounting group of 'Current Liabilities'. OR Give the meaning of the terms (i) Labels, and (ii) Values as used in spreadsheets.2023
- Which of the following menu is used to create a group:2023
- What is the meaning of the term 'Data Audit'?2022
- The encryption of data facilitates: OR How many columns exist on Excel 2006 worksheet?2026
- What are the three categories in which accounting entries can be classified while entering them in vouchers?2026
- Explain 'Password Security' and 'Data A udit' as security features of Computerised Accounting System. OR What is Data formatting? What tools are used…2024
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.