Question: 1

What percent of additional Tax is applied in VAT is 4%?

(A) 1%

(B) 4%

(C) 2.5%

(D) 1.5%

Question: 2

What percent of Additional Tax is applied if VAT in 12.5%?

(A) 1%

(B) 2.5%

(C) 4%

(D) 1.5%

Question: 3

Which shortcut key is used to enable Value Added Tax?

(A) F1

(B) F5

(C) F11

(D) F12

Question: 4

Which shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class during entry?”

(A) F11

(B) F12

(C) F3

(D) F5

Question: 5

Which group [Under] is selected in Input VAT or Output VAT?

(A) Duties & Taxes

(B) Indirect Expenses

(C) Direct Expenses

(D) Sundry Creditors