Tally Championship 2016 #2

In case of payment of penalty, Arrears, Interest or other Penalties along with the payment of excise duty under which group will you create the ledger of Penalty/Arrears/Interest/Other Penalties?
Indirect Expenses
Current Liabilities
Indirect Incomes
Current Assets
To record the credit availed from the excise purchase, duty ledger should be created with type of Duty/Tax as?
Purchase A/C
Excise
CENVAT
Others
In Tally ERP9 if you select "SSI" as type of manufacturer in F11: Statutory & Taxation features, what will be the change effected?
ER3 will be activated
ER1 will be activatedd
Form 16A will be activated
In F11 that is just an information
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