Download App

Introduction to Goods and Service Tax — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Goods and Service Tax3 Marks
Question
Explain any two special features of $GST.$
✓

Answer

SELF

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Give Answer As Asked . (3 Marks)" from Introduction to Goods and Service Tax→Introduction to Goods and Service Tax — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Give the specimen of a bill and explain its details:
→
How would you disclose the following details on $31-3-2015$, during the preparation of annual accounts?Balance Sheet as on $01-4-2014$
Liabilities Amt.
(Rs.)		 Assets Amt.
(Rs.)
Creditors for sports equipments $300$ Sports Equipments $400$
Receipt Payment - Account for the year ending $31-3-2015$
Receipt Amt.
(Rs.)		 Payment Amt.
(Rs.)
To Sports equipments $180$ By Sports equipments $7,000$
Additional information: Sports equipments on hand on $31-3-2015$ $Rs.1,100.$
→
To which account, the following transactions will be debited and credited in the books of Ganesh? Describe with reason.
$(1)$ Purchase is made of $Rs.30,000$ from Raman.
$(2)$ Goods of $Rs.15,000$, sold on cash for $Rs.28,000.$
$(3)$ Goods of $Rs.8,000$ sold to Nila for $Rs.15,000.$
→
To which account, the following transactions will be debited and credited in the books of Ganesh? Describe with reason.
$(1)$ Goods of $Rs.200$ destroyed by fire.
$(2)$ Commission received $Rs.5,000. $
$(3) Rs.2,000$ paid for salary.
→
Mention three or four points regarding rate of $GST.$
→
Explain the concept of full disclosure with example.
→
Classify the following accounts:
$1.$ Sales account
$2.$ Salary account
$3.$ Land account
$4.$ Goodwill account
$5.$ Depreciation account
$6.$ Petty cash account
→
Explain the following terminologies :
$(a)$ Bills payable
$(b)$ Goods
$(c)$ Cost
→
Distinguish between : $(1)$ General Reserve and Capital Reserve :
→
Journalise the following transactions and post them in the ledger: $2019$
July $1$ Purchased goods of $Rs.45,000$ on cash $3$ Brought additional capital of $Rs. 60,000$ in the business.
→