Computerized Accounting System-Tally Model Question Paper

12th Standard EM

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Accountancy

Time : 01:30:00 Hrs
Total Marks : 50
    10 x 1 = 10
  1. Accounting report prepared according to the requirements of the user is

    (a)

    Routine accounting report

    (b)

    Special purpose report

    (c)

    Trial balance

    (d)

    Balance sheet

  2. Contra voucher is used for

    (a)

    Master entry

    (b)

    Withdrawal of cash from bank for office use

    (c)

    Reports

    (d)

    Credit purchase of assets

  3. Salary account comes under which of the following head?

    (a)

    Direct Incomes

    (b)

    Direct Expenses

    (c)

    Indirect Incomes

    (d)

    Indirect Expenses

  4. In which voucher type credit purchase of furniture is recorded in Tally

    (a)

    Receipt voucher

    (b)

    Journal voucher

    (c)

    Purchase voucher

    (d)

    Payment voucher

  5. In 2009, Tally Solutions introduced the software

    (a)

    Tally. ERP 9

    (b)

    Tally. ERP 10

    (c)

    Tally. ERP 6.0

    (d)

    Tally. 8.0

  6. In payment voucher, cash or bank account is credited and other ledger account is

    (a)

    debited

    (b)

    credited

    (c)

    both 'a' and 'b'

    (d)

    none of these

  7. ____________ is a compilation of accounting information that are derived from the accounting records of a business concern.

    (a)

    Accounting report

    (b)

    System software

    (c)

    System hardware

    (d)

    Accouting system

  8. ___________ is one of the most widely used financial accounting softwares

    (a)

    Tally

    (b)

    Excel

    (c)

    Word

    (d)

    Spread sheet

  9. Which is the short cut key used for closing Tally?

    (a)

    Ctrl + F1

    (b)

    Ctrl + Shift + F4

    (c)

    Ctrl + X

    (d)

    Ctrl + Q

  10. ____________ are used for recording both cash and credit sales of goods.

    (a)

    Purchase voucher

    (b)

    Sales vouchers

    (c)

    Contra voucher

    (d)

    Receipt voucher

  11. 2 x 2 = 4
  12. Assertion (A) : In Computer Accounting system, accounting records can be maintained easily and efficiently for long time period.
    Reason (R) : CAS records the attendance of employee, computes the amount of salary, makes deductions such as provident fund, income tax, etc.
    (a) Both (A) and (R) are true and (R) is the correct explanation of (A).
    (b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
    (c) (A) is true, but (R) is false.
    (d) (A) is false, but (R ) is true.

  13. Assertion (A) : Accounting report is a compilation of accounting infermation that are derived from the accounting records of a business concern
    Reason (R) : In 2009, Tally solutions introduced the software Tally. ERP 10.
    (a) Both (A) and (R) are true and (R) is the correct explanation of (A).
    (b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
    (c) (A) is true, but (R) is false.
    (d) (A) is false, but (R) is true.

  14. 1 x 2 = 2
  15. (a) Journal
    (b) Ledger
    (c) Voucher
    (d) Trial balance
    Reason: Voucher is a document which contains details of transactions. Other three are routine accounting reports

  16. 2 x 1 = 2
  17. (i) Computerise Accounting System facilitates fast and accurate retrieval of data and information.
    (ii) Accounting report may be classified as routine reports and special purpose reports
    (iii) Accounting information system collects financial data, processes them and provides information to the various users.
    (a) (i) is correct
    (b) (i) and (ii) are correct
    (c) (ii) and (iii) are correct
    (d) (i), (ii) and (iii) are correct

    ()

    (d) (i), (ii) and (iii) are correct

  18. (i) Sales vouchers are used for recording both cash and credit sales of goods.
    (ii) Purchase vouchers are used for recording both cash and credit purchases of goods.
    (iii) All transactions related to payments either in cash or through bank are recorded using receipt voucher
    (a) (i) is correct
    (b) (i) and (ii) are correct
    (c) (ii) and (iii) are correct
    (d) (i), (ii) and (iii) are correct

    ()

    (b) (i) and (ii) are correct

  19. 5 x 2 = 10
  20. What is automated accounting system?

  21. State any five accounting reports.

  22. What is Accounting Information System (AIS)?

  23. What is a group in Tally.ERP 9?

  24. What is MIS?

  25. 4 x 3 = 12
  26. Write a brief note on accounting vouchers.

  27. Mention the commonly used voucher types in Tally.ERP 9.

  28. Explain how to view profit and loss statement in Tally.ERP 9.

  29. Explain any five applications of computerised accounting system.

  30. 2 x 5 = 10
  31. Record the following transactions in Tally.
    (a) Devi commenced a business with a capital of Rs. 4,00,000
    (b) An account was opened with Indian Bank and deposited Rs. 60,000
    (c) Purchased furniture by paying cash Rs. 15,000
    (d) Goods purchased on credit from Sumathy for Rs. 50,000
    (e) Cash sales made for Rs. 10,000
    (f) Goods purchased from Raja for Rs. 5,000 and paid by cheque
    (g) Goods sold to Arun on credit for Rs. 70,000
    (h) Money withdrawn from bank for office use Rs. 25,000
    (i) Part payment of Rs. 30,000 made to Sumathy by cheque
    (j) Arun made part payment of Rs. 10,000 by cash
    (k) Salaries paid to staff through ECS Rs. 36,000
    (l) Carriage on purchases of Rs. 6,000 paid by cash
    (m) Purchased computer from Muthu Ltd. on credit Rs. 44,000

  32. The following balance sheet has been prepared from the books of Pearl on 1-4-2018.

    Liabilities Rs. Assets Rs.
    Capital 1,60,000 Buildings 40,000
    Sundry creditors:   Furniture 20,000
    Maya A/c 20,000 Stock 10,000
        Sundry debtors  
        Peter 20,000
        Cash in hand 30,000
        Cash at bank 60,000
      1,80,000   1,80,000

    During the year the following transactions took place.
    (a) Wages paid by cash Rs. 4,000
    (b) Salaries paid by cheque Rs. 10,000
    (c) Cash purchases made for Rs. 4,000
    (d) Good purchased on credit from Yazhini Rs. 30,000
    (e) Goods sold on credit to Jothi Rs. 40,000
    (f) Payment made to Yazhini through NEFT Rs. 6,000
    (g) Cash received from Peter Rs. 10,000
    (h) Cash sales made for Rs. 4,000
    (i) Depreciate buildings at 20%
    (j) Closing stock on 31.03.2019 Rs. 9,000
    You are required to prepare trading and profit and loss account for the year ended 31-03-2019 and a balance sheet as on that date using Tally.

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