LCC Center for Computer Education

Tally Test

Name of Student: ___________________ Course Name: ____________________

Duration: - 1 Hour Total Marks: - 50

Section I I III

Max Marks 10 15 20

Marks Obtained

I. Fill in the blanks 10 x 1 = 10

1. _____________ (Groups/Ledgers) are the head of accounts such as Capital, Bank, Sundry Debtors etc in tally.

2. ___________ (Payment/Contra) voucher is used when entering Cash Deposits and Cash withdrawals from bank.

3. ______________(Balance Sheet / Profit & Loss Account) displays incomes and Expenses ledgers along with gross profit and gross loss in Tally.

4. All adjustments entries are entered as ______________ (Journal / Contra)

5. _______________ key (Alt R / Alt D) is used to delete a ledger, voucher or a company in Tally.

6. The ___________________ (Billwise / Budgets) option is used to maintain out standings.

7. ____________________ (Administrator/Owner) user has all rights to the company.

8. Purchase orders are present under _____________ (Accounting/Inventory) vouchers.

9. Verification of Bank Account with Bankers Statement is called as (Reconciliation/ Reversing Journals)

10. The statement which displays all ledgers and their balances is (Balance Sheet / Trial Balance)

II. Match the Following 15 x 1 = 15

1. Alt F2 - To create a ledger during voucher entry

2. Alt F1 - To view detailed report/ To close a company

3. Alt C - To Change Period

4. F8 - To display the next voucher.

5. F6 - Displays Company Info.

6. Esc - To toggle between invoice and voucher.

7. Page down - To explode a line into details.

8. Enter - To duplicate a voucher.

9. Alt 2 - Key for Selecting a Receipt Voucher

10. Alt F3 - To come out of screen / Clear field entries.

11. Alt A - Key for Selecting a Sales Voucher

12. Alt I - To Accept a Voucher / Field.

13. Shift Enter - To add a voucher.

14. Ctrl V - To accept all audited vouchers

15. Alt F7 - To insert a voucher

III. Explain in three to four sentences 5 x 4 = 20

1. Briefly explain the four types of references available in maintaining Billwise details.

2. What are Stock Groups/Categories/Items and Units of Measure?

3. Briefly explain Security Control.

4. Briefly explain vouchers involved under Order processing.

5. Write the steps for creating a Backup/Restore.

Enter the following transactions in Tally for the month of April 2011

1 Shiva started business with Cash Rs.1, 50,0002 Deposited Cash into Indian Bank Rs. 50,0003 Cash Purchases Rs.50, 0006 Purchases on credit from Velu & Co Rs.20, 00010 Purchases on credit from Ramlal & Co Rs30, 00012 Purchase Return made to Ramlal & Co Rs. 5,00015 Purchase Return to Velu & Co Rs.5, 00017 Cash sales Rs. 50,00018 Sales to Dinesh & Co on credit Rs.20, 00020 Sales to Suresh & Co on credit Rs.50, 00021 Sales Return from Dinesh & Co Rs.500023 Sales Return from Suresh & Co Rs 5,00025 Paid Cash to Ramlal & Co Rs.20, 00026 Paid Velu & Co by Cheque (Indian Bank) Rs15, 00028 Received Cash from Suresh & Co Rs 40,00028 Received Cheque(Indian Bank) form Dinesh& Co Rs. 15,00029 Withdrew Cash from Indian Bank for Office use Rs.5, 00030 Shiva withdrew cash form Indian bank

For Personal use Rs.3, 00030 Paid Rent by Cash Rs.1, 80030 Paid Electric Charges by Cash Rs.1, 20030 Paid Salary by Cash Rs.2, 000

Problem 5: Enter the following transactions in Tally for the month of April 2011

1 Krishna started business with Cash Rs.5, 00,0002 Deposited Cash into Indian Bank Rs 2, 00,0003 Cash Purchases Rs.50, 0003 Purchases from Vinoth Stores Rs50, 0005 Paid Cash to Vinoth Stores Rs.25, 0006 Paid Cheque (Indian Bank) to Vinoth Stores Rs.25, 00010 Cash Sales Rs.1, 00,00010 Sales to Yogesh & Co Rs.1, 00, 00012 Received Cheque (Indian Bank) form Yogesh & Co Rs.50, 00015 Received Cash from Yogesh & Co Rs.50, 00015 Purchases form Vivek& Co Rs.10, 00017 Purchase Return to Vivek&Co Rs.100020 Sales to Vishal & Co Rs 25,00022 Sales Return from Vishal & Co Rs.2, 00024 Paid Cash to Vivek & Co account and Received

Discount of 10%25 Received Cash from Vishal & Co and Allowed Discount 10%28 Withdrew Cash from Indian Bank Rs.2 5,00028 Cash Drawings from Office for personal use Rs.5, 00028 Paid Rent by Cash Rs.3, 00029 Paid Salaries by Cash Rs.2, 00029 Paid Printing Charges by Cash Rs.1, 00030 Paid Stationary Charges by Cash Rs.250

Adjustments Problem I

April 2011

1 Govindarajan commenced his business with the cash 5, 00,0001 Bought Plant and Machinery Rs.2, 50,000.2 Bought Furniture Rs.10, 000.2 Purchased Goods for Cash Rs.1, 00,0003 Purchased goods from Natarajan on credit Rs.65, 000.4 Returned damaged goods to Natarajan Rs.5, 000.10 Paid cash to Natarajan Rs.35, 000.15 Deposited into State Bank of India Rs.50, 00016 Sold goods to Rahul & Co. Rs.5000March 2012

19 Sold goods to Sundar on credit Rs. 1, 50,000.22 Withdrew Cash from State Bank of India Rs.20, 00023 Sundar Returned Rs.10, 000.25 Received cash from Sundar Rs. 1, 25,00030 Paid rent Rs.5, 000.30 Paid salaries Rs. 10,00030 Withdrew cash from State Bank of India for personal use Rs.5000.30. Received Commission as Cash Rs.2500.Adjustments

1. Depreciate Machinery @ 20%2. Depreciate Furniture @ 10%.2. Rent Outstanding Rs.50003. Salary Outstanding Rs.5000.4. Commission Accrued Rs.1500.5. Write off 5000 as Bad Debts from Rahul & Co.6. Adjust Drawings and Net Profit/Net Loss to Capital Account.