Accounting Tally & Peach Tree (PDCFA)

KERALA STATE RUTRONIX

Accounting Tally & Peach Tree

(PDCFA)

Question code:.       E1
Time:                         2 hours
Maximum Marks : 100
(Note: Write the answers for Questions from 1 to 30 in the MCQ answer sheet)

Part - I Choose the most appropriate answer
(10 x 1 Mark 10 Marks)

1) in Tally Software. which of the following directories stores all the data entered by the user?
a) Bin
d) Database
b) Sub
c) Data

2) Which sub menu is used to create new Ledgers, groups and voucher types in Tally?
a) Inventory Vouchers
b) Accounting Vouchers
c) Company Info
d) Accounts Info

3) ................... voucher is pure Inventory Voucher
a) Payment
b) Delivery Note
c) Cash Paid Creditor
d) Expense

4) The navigation aid of Peach Tree contains
a) Sales
b) Purchase
c) General Ledger
d) All of These

5) Closing stock appears in ..................
a) Journal Voucher
b) Trial Balance
c) Profit & Loss a/c
d) Balance Sheet

6) Income Tax number of the company will appear in .................
a) Profit & Loss A/c
b) Payment Voucher
c) Reminder Letter
d) Cash/ Bank book

7) Which of the following information is must fo create a company?
a) Name of the company & Financial Year
b) Name of the Company Income Tax Number
c) Name of the Company & Sales Tax Number
d) None of these

8) When final accounts are prepared the .bad debts al is closed by transfer to .................
a) Trading a/c
b) P&L a/c
c) PL Appropriation a/c
d) Sundry debtors a/c

9) Rates paid in advance will appear in the Balance Sheet as a ...............
a) current liability
b) fixed liability
c) current asset
d) fixed asset

10) Trade discount is usually allowed on the .............
a) Cash Balance
b) Total Bill Amount
c) Amount Due
d) Account Balance

Part - Il Fill in the blanks
(10 x 1 Mark 10 Marks)

11) The keyboard shortcuts in Tally are highlighted with ............... color by default

12) The difference between sales and cost of goods sold is ................

13) Treating an expense as an asset is a ............. Type error

14) VAT stands for ..............

15) The option in Tally to make changes in created company is ...............

16) In Peach Tree ................. & ................ are the accounting methods used for recording Income and Expenses

17) Income received in advance is a ...............

18) The difference in Trial Balance is transferred to .................. account

19) ................. types of companies can be created in Tally ERP9.

20) In Peach Tree, the Vendor ID can be up to .................. alphanumeric characters.


(10 x 1 Mark= 10 Mark)
Part-IlI State whether True or False

21) While creating ledger duplicate in name is not permitted

22) Journal Book is used to entries regarding general transactions

23) Suspense account group is defined under Income in Tally.

24) The shortcut key to repeat a narration is Ciri+R

25) Vendor comes under accounts payable group in Peachtree

26) Alt+V function key is used to create secondary Ledger.

27) Purchase return should be deducted from stock

28) Tally updates all reports as and when the transactions are entered
29) A cash book is both journal and ledger

30) The accounting equation is developed with the help of dual aspect concept.

(Part IV. Part V എന്നിവയുടെ ഉത്തരങ്ങൾ മലയാളത്തിലും എഴുതാം)

Part-IV Answer the following (Any Five)
(5 x 10 Marks = 50 Marks)

31) What is the difference between group and Ledger in Tally?

32) Explain Interest on Capital with adjustment entry and the treatment of the same in Profit & Loss account and Balance Sheet

33) Define Fixed Asset. Give the classification of Fixed Assets

34) Pass Journal Entries for the following items
a) Depreciation
b) Outstanding Expense
c) Bad Debts
d) Prepaid Expense
e) Provision for doubtful debts

35) What is a Balance Sheet? Explain the items which are generally included in the Balance Sheet

36) Explain Direct Expenses and Indirect Expenses with example.

(1 x 20 Marks = 20 Marks)

Part V Answer the following (Any One)

37) Journalize the following

a) Arjun started business with cash Rs.2,00,000

b) Opened a Bank account Rs.50,000

c) Purchased goods for cash Rs 17,000

d) Purchased Furniture Rs.3,000

e) Drew from Bank for office use Rs.2,000

f) Purchased goods and paid by cheque Rs 3,000

g) Sold goods for cash Rs.6,000

h) Wages paid by cheque Rs.1,000

i) Lighting charges paid Rs.700

j) Drawings from Bank Rs2,500

k) Goods drawn for personal purpose Rs 2,500/-

l) Personal drawings in cash Rs 2,000/-

m) Commission received in cash Rs. 150

n)  Interest on deposit allowed Rs 300

o)  Cheque paid in to Bank Rs.1,000/

p) Cash sales to Dinesh Rs 11,000

q) Goods returned by Dinesh Rs.1,000/-

r) Bank charges for the month Rs 60/-

s) Paid Rent Rs 5,000

t) Paid Salary Rs 15,000/-

38) On March 31, 2016 the cash book of Vinod showed Bank balance of Rs 4850/-While verifying with the pass book the following facts were noted

a) Cheque sent in for collection before March and not credited by the bank amount

b) Cheque issued before March 31, but not presented for payment amounted to Rs.885-
and not credited by the bank amounting to Rs.845/

c) The banker has paid a sum of Rs. 100 towards incidental charges and credited interest

d) The Banker has given a wrong credit for Rs 250/-

e) Mrs. Neena has paid in to Bank directly a sum of Rs 300-which has not been entered in
the cash book

f) A cheque for Rs.200/- sent for collection and returned unpaid has not been entered in the cash book

Prepare Bank Reconciliation Statement