Accounting Tally & Peachtree (PDCFA) Previous Questions

KERALA STATE RUTRONIX

Accounting Tally & Peachtree

(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) A person who owes money to the firm is a..............

a) Debtor

b) Creditor

c) Investor

d) Owner

2) P&L account can be displayed through menu in Tally

a) File

b) Display

c) Gateway of Tally 

d) Account Info

3) All outstanding come under standing come under .............. group in Tally

a) Current Asset 

b) Current Liabilities 

c) Fixed Asset 

d) Both a & b

4) Term Loans and other medium/long-term loan come under ................ group in Tally!

a) Unsecured Loan

secured Loan 

b) Secured Loan 

c) Loans & Advances 

d) Current Liability

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

a) 20

b) 15

c) 10

d) 5

6) ................  is the beginning date of a financial year.

a) 1" Jan

b) 19 Feb

c) 1" March

d) 1 April

7) Which financial statement can be made from Trial Balance?

a) Ledger

b) Purchase

c) Sales

d) Balance Sheet

8) Source documents provide information about the nature of ................ involved in it

a) Entry

b) Invoice

b) Transaction 

d) None of these

9) To see any report in detailed way in Tally,  ................ key is used

a) All+F1

b) Ctrl+F1

c) F2

d) Ctrl+Shift+F1

10) In Tally, for reconciliation of Bank press .................

a) F12

b) F10

c) F5

d) F6

Part Ii Fill in the blanks

(10 x 1 Mark 10 Marks)

11) ............... represents the amount invested by the owner into the business.

12) GAAP stands for ...................

13) ...........… balance of personal account indicates amount receivable from him.

14) Bank charges are ...…....…... to customer

15) ..........…. is a person on hired to do a specific job.

16) When a dealer withdraws cash from business for personal use ................ will be credited

17) Assets acquired for prolonged use are known as ................

18) The process of writing accounts from day book to ledger is called .............

19) Errors cancelled by themselves are called ...............

20) A statement of debit and credit balances of account called ...............

Part-III State whether True or False

(10 x 1 Mark 10 Marks)

21) Excess of current assets over current liabilities is known as fixed capital

22) Revenues are the amounts earned by the business from its normal activities.

23) Ledger is a book of final entry

24) Cheque issued but not presented for payment reduces the balance as per pass book

25) Contra entries in the cash book require posting of one aspect only

26) in Tally changes in the lodger heads can be made in Alter mode

27) Vendors come under accounts payable group in Peach Tree

28) Tally is the worlds first concurrent multilingual business accounting and inventory management software.

29) A crossed cheque cannot be cashed at the cost counter

30) In Tally to hide the name of the company Tally Vault Password is used.

(Part IV, Part V എന്നിവയുടെ ഉത്തരങ്ങൾ മലയാളത്തിലും എഴുതാം)

Part IV Answer the following (Any Five)

(5 x 10 Marks -50 Marks)

31) Define fixed assets. Give the classification of fixed assets

32) Explain the following. 

a) Accounting Entity

b) Going Concern

33) What is a Trial Balance? Explain its objectives.

34) What is a Bank Reconciliation Statement? How it is prepared? Give a proforma of the bank reconciliation statement with imaginary figures

35 Explain the window elements of Peachtree

36) Explain the accounting vouchers used in Tally

Part - Answer the following (Any One)

(1 x 20 Marks 20 Marks)

37) Journalize the following

a) Mr.Jeevan commenced business with cash Rs.6,00,000/, Furniture Rs. 80,000/- and Stock Rs 40,000/

b) Sold goods to john Rs.30,000/-at a trade discount of 10%

c) Bought goods worth Rs 6,000/- from Suman at a Trade discount of 5%

d) Paid Jose Rs.1,450/- in full settlement of his account Rs 1,500/-

e) Received cash from Soman Rs.1,925/- and discount allowed R 75/

f) Jayan paid us cash Rs. 725/- and he was allowed discount Rs.15/-

g) Anand paid us cash Rs 700/- and returned goods worth Rs 500/-

h) Settled the account of Manoj Rs.3,000/-by paying him Rs 2.900/-

i) Paid cash to Vijayan R100/-. and returned goods to him Rs.700/-

j) Paid Wages Rs 700/- and Rent Rs.500/-

38) From the following Trial Balance of Mr. Ramlal as on 31st March 2015, prepare Trading & Profit & Loss account for the year ended 31-03-2015 and a Balance Sheet as on that date                                                                                                                                                                             

Particulars	Dr. Amount	Cr. Amount
Capital		36,500
Drawings	1,200
Wages	4,200
Sundry Expenses (workshoap)	1,450
Insurance	540
Office Salaries	3,640
Rent& Taxes Workshop	1,300
Rent& Taxes Office	700
Purchase & Sales	36,000	70,000
Advertising	1,700
Garriage	350
Return Inwards and Outwards	250	700
Discount		190
Sundry Debtors and Creditors	9,800	4,360
Travelers Salary & Commission	3,100
Bank Balance		700
Plant and Machinery	9,800
Loses Tools	1000
Business Premisses		20,000
Stock of Books & Stationary	500
Commission Earned		400
Opening Stock	16,200
Trade Expenses	1,300
	1,32,850	1,32,850

◆ Closing Stock was valued at ₹ 18,000