LCC Center for Computer EducationTally Test Name of Student: ___________________ Course Name: ____________________ Duration: - 1 Hour Total Marks: - 50 Section Max Marks Marks Obtained I 10 I 15 III 20 I. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Fill in the blanks 10 x 1 = 10 _____________ (Groups/Ledgers) are the head of accounts such as Capital, Bank, Sundry Debtors etc in tally. ___________ (Payment/Contra) voucher is used when entering Cash Deposits and Cash withdrawals from bank. ______________(Balance Sheet / Profit & Loss Account) displays incomes and Expenses ledgers along with gross profit and gross loss in Tally. All adjustments entries are entered as ______________ (Journal / Contra) _______________ key (Alt R / Alt D) is used to delete a ledger, voucher or a company in Tally. The ___________________ (Billwise / Budgets) option is used to maintain out standings. ____________________ (Administrator/Owner) user has all rights to the company. Purchase orders are present under _____________ (Accounting/Inventory) vouchers. Verification of Bank Account with Bankers Statement is called as (Reconciliation/ Reversing Journals) The statement which displays all ledgers and their balances is (Balance Sheet / Trial Balance) 12. 4. To add a voucher. 13. 6. 4. Match the Following Alt F2 Alt F1 Alt C F8 F6 Esc Page down Enter Alt 2 Alt F3 Alt A Alt I Shift Enter Ctrl V Alt F7 To create a ledger during voucher entry To view detailed report/ To close a company To Change Period To display the next voucher. . 2. Key for Selecting a Sales Voucher To Accept a Voucher / Field. 11. 8. 7. 5.II. Displays Company Info. 14. What are Stock Groups/Categories/Items and Units of Measure? Briefly explain Security Control. Explain in three to four sentences 5 x 4 = 20 Briefly explain the four types of references available in maintaining Billwise details. 1. Key for Selecting a Receipt Voucher To come out of screen / Clear field entries. 1. 3. 3. 5. 2. 10. Write the steps for creating a Backup/Restore. 9. To accept all audited vouchers To insert a voucher 15 x 1 = 15 III. Briefly explain vouchers involved under Order processing. To toggle between invoice and voucher. To explode a line into details. 15. To duplicate a voucher. 000 Rs.50.2. 000 Rs.20. 200 Rs.3.50.20. 000 Rs. 50.000 Rs. 50.000 Rs. 800 Rs. 15.5.000 Rs. 000 Rs15.000 Rs. 50. 000 Rs 40.000 Rs. 000 Rs30.20.1. 000 Rs. 000 Rs. 000 Rs.000 Rs. 5.000 Rs.1.5.5000 Rs 5. 000 .Enter the following transactions in Tally for the month of April 2011 1 2 3 6 10 12 15 17 18 20 21 23 25 26 28 28 29 30 30 30 30 Shiva started business with Cash Deposited Cash into Indian Bank Cash Purchases Purchases on credit from Velu & Co Purchases on credit from Ramlal & Co Purchase Return made to Ramlal & Co Purchase Return to Velu & Co Cash sales Sales to Dinesh & Co on credit Sales to Suresh & Co on credit Sales Return from Dinesh & Co Sales Return from Suresh & Co Paid Cash to Ramlal & Co Paid Velu & Co by Cheque (Indian Bank) Received Cash from Suresh & Co Received Cheque(Indian Bank) form Dinesh& Co Withdrew Cash from Indian Bank for Office use Shiva withdrew cash form Indian bank For Personal use Paid Rent by Cash Paid Electric Charges by Cash Paid Salary by Cash Rs. 000 Rs.1. 2.000 Deposited Cash into Indian Bank Rs 2.3.000 Sales Return from Vishal & Co Rs. 00.5.2 5.10.1000 Sales to Vishal & Co Rs 25. 00.1. 000 Received Cheque (Indian Bank) form Yogesh & Co Rs.000 Cash Purchases Rs.1.2. 00. 000 Paid Cash to Vinoth Stores Rs. 000 Paid Printing Charges by Cash Rs. 00.250 . 000 Received Cash from Yogesh & Co Rs. 000 Paid Rent by Cash Rs.000 Sales to Yogesh & Co Rs. 000 Paid Stationary Charges by Cash Rs.25. 000 Paid Cash to Vivek & Co account and Received Discount of 10% Received Cash from Vishal & Co and Allowed Discount 10% Withdrew Cash from Indian Bank Rs.50. 000 Purchase Return to Vivek&Co Rs.000 Cash Drawings from Office for personal use Rs. 000 Paid Salaries by Cash Rs.25.50.Problem 5: Enter the following transactions in Tally for the month of April 2011 1 2 3 3 5 6 10 10 12 15 15 17 20 22 24 25 28 28 28 29 29 30 Krishna started business with Cash Rs. 000 Paid Cheque (Indian Bank) to Vinoth Stores Rs.50.1. 000 Cash Sales Rs. 000 Purchases form Vivek& Co Rs. 000 Purchases from Vinoth Stores Rs50.5. Write off 5000 as Bad Debts from Rahul & Co.2. 30 Paid salaries Rs. 10. 4 Returned damaged goods to Natarajan Rs. 000 16 Sold goods to Rahul & Co.65. Rs. 30. 5.20. 1.5000 March 2012 19 Sold goods to Sundar on credit Rs.000 30 Withdrew cash from State Bank of India for personal use Rs. .35. 2.Adjustments Problem I April 2011 1 Govindarajan commenced his business with the cash 5. 6.1. 25 Received cash from Sundar Rs. Depreciate Machinery @ 20% 2. 50.000 30 Paid rent Rs. Commission Accrued Rs. 2 Purchased Goods for Cash Rs.2500. 50. Rent Outstanding Rs.5. 1.5000. Salary Outstanding Rs. 000.5. Adjustments 1. 15 Deposited into State Bank of India Rs. 00.000 1 Bought Plant and Machinery Rs.10.5000 3.10. 000.000. 000. 22 Withdrew Cash from State Bank of India Rs.50. 00.000 3 Purchased goods from Natarajan on credit Rs. 000 23 Sundar Returned Rs.000. 000. Received Commission as Cash Rs. Depreciate Furniture @ 10%. Adjust Drawings and Net Profit/Net Loss to Capital Account. 10 Paid cash to Natarajan Rs. 000. 25.1500. 4.5000. 2 Bought Furniture Rs. 000.