Tally (Short Term Course)

KERALA STATE RUTRONIX

Tally

(Short Term Course)

Time                       : 2 hours
Question Code     : TA
Maximum Marks : 100

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

1) Drawings account will be closed by transfer to ................. a/c
a) Capital
b) Suspence
c)Loss
d) None of these

2) Assets acquired for prolonged use are known as ................. assets
a) Current
b) Fixed
c) Tangible
d) Floating

3) The statement of debit and credit balances of account is called a .................
a) Journal
b Ledger
c)Trial Balance
d) None of these

4) In double entry system accounts are mainly classified in to ..................
a) TWO
b) One
c) Four
d) Three

5) A ................. is a primary document for recording all financial transactions.
a) Ledgers
b) Reports
c) Vouchers
d Groups

6) To use Dr/Cr instead of To/By  during voucher entry press ..............
a) F10
b) F12
c) F11
d) F7

7) To print a voucher from Tally, we need to press  ...............
a) Ctrl+P
b) Shift+P
c) Alt+P
d) Ctrl-Alt+P

B) Sales Tax ledger falls under which group?
a) Indirect Expenses
 b) Duties & Taxes
c) Sales
d) Purchase

9) in Tally credit note voucher type records entry for a .................
a) Sales Return
b) Purchase Return
c) a or b
d) None of these

10) To repeat the narration entered in the preceding voucher press ...................
a) Ctrl+R
b) Alt+R
c) Ctrl+N
d) Shift+R

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

11) LF column is filled at the time of ...............

12) Gross profit is the difference between ...............

13) Nominal Account is also known as ..............

14) All entries in the pass book are entered by the ................

15) An entry which opens or begins the new book of account is ................

16) According to ................... concept assumed that the business will last for a long time

17) The shortcut key to quit from Tally is ..................

18) ................ voucher is used for adjustment transactions

19) In Tally ................... is a statement instead of P&L a/c

20) The main window of Tally is called ...............

Part III State whether True or False
(10 x 1 Mark 10 Marks)

21) Salary account is an example of nominal account

22) Net profit will be credited to capital a/c

23) We can't select cash in journal voucher

24) The value of inventory is included as a liability on the Balance Sheet.

25) Balance sheet is prepared to show petrol

28) All cash sales are recorded in the sales day book:

27) Return inward is also called Sales Role

28) Salary comes under Indirect Expenses in Tally

29) F6 is used for payments in Tally

30) Tally updates all reports as and when the transactions are entered

Part IV, Part V എന്നിവയുടെ ഉത്തരങ്ങൾ മലയാളത്തിലും എഴുതാം)

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

31) Define accounting Distinguish between Accounting and Bookkeeping

32). Explain Trial Balance Provide methods of preparation of Trial Balance

33) What are the main functions of Accounting?

34) Explain the features of Tally

35) Explain the Debit Note and Credit Note Vouchers used in Tally

36) Explain any five accounting vouchers in Tally

Part V Answer the following (Any one)
(1 x 20 Marks 20 Marks)

37) Pass Journal entries, prepare Ledger accounts and Trial Balance of the following Transactions

a) 01-Jan-15 Sam commenced business with cash Rs 15,000

b) 03-Jan-15 Paid in to Bank Rs. 5,000

c) 04-Jan-15 Purchased goods from Krishna Rs 1,500

d) 07-Jan-15 Sold goods to John on credit Rs. 400

e) 08-Jan-15 Returned goods to Krishna Rs 350

f) 09-Jan-15 Purchase machine from Voltas Ltd. Rs. 2,500

g) 11-Jan-15 John returned us goods worth Rs 150

h) 12-Jan-15 Paid for repairing Machine Rs 75

i) 13-Jan-15 Received cash from John on account Rs 2,004

j) 16-Jan-15 Bought goods from Rajan for cash Rs 750

k) 16-Jan-15 Advanced Kumar Rs 1,500- as loan

l) 17-Jan-15 Paid cash to Krishna on account Rs 500

m) 18-Jan-15 Withdrew cash from office for personal use Rs. 300

n) 19-Jan-15 Paid rent Rs 500

o) 20-Jan-15 Received commission from Sukumar Rs 250

p) 22-Jan-15 Sold goods to Anand Rs. 2,000 at a trade discount of 10%

q) 23-Jan-15 Bought goods worth Rs 4,000-from Ramesh at a trade discount of 5%

r) 28-Jan-15 Received cash from Soman Rs 1,850 in final settlement of his account Rs 1,900

s) 30-Jan-15 Settled the account of Kumar Rs 1,500- by paying him Rs 1,400

t) 31-Jan-15 Paid to Jose Rs 1,450 in full settlement of his account Rs. 1,500

38) from the following trial balance of Mr Deepu and other particular is given prepare trading and profit and loss account for the year ended 31st December 2015 and balance sheet as on the date                                                                                                                                                 

Particulars	Dr. Amount	Cr. Amount
Capital		1,00,000
Stock	40,500
Sales and Sales return	7,900	2,71,680
Purchase and Purchase return	2,39,750	4,960
Carriage inwards	17,340
Rent	5,340
Salaries	10,100
Sundry Debtors	26,000
Sundry Creditors		15,100
Bank loan @ 6%		35,000
Bank interest	1,000
Printing & Advertisement	14,100
Cash in hand	3,100
Cash at bank	8,450
Discount Received		3,760
Investment	6,000
Discount Allowed	7,360
General Expenses	3,500
Bad Debtors	600
Insurance	1,700
Furniture	3,000
Drawings	8,000
Machinery	25,000
Traveling Expenses	2,530
Commission Received		770
	4,31,270	4,31,270

Adjustments

a) Stock on 31st December 2015 was ₹ 70,000

b) one third of printing and advertisement is to be carried forward to next year

c) depreciate machinery by 10%

d)create 5% provision on debtors, 2% provision for discount on debtors and creditors

e) allow 5% interest on capital

f) ₹ 1,200 is to be charged as interest on loan