12th Accountancy - Computerized Accounting System - Tally Practice Question Paper Question Bank Software Jan-04 , 2020

Computerized Accounting System - Tally

Computerized Accounting System - Tally Practice Question Paper

12th Standard

Accountancy

Time : 01:00:00 Hrs

Total Marks : 35

9 x 1 = 9

Contra voucher is used for

(a)

Master entry

(b)

Withdrawal of cash from bank for office use

(c)

Reports

(d)

Credit purchase of assets

Which is not the default group in Tally?

(a)

Suspense account

(b)

Outstanding expense

(c)

Sales account

(d)

Investments

Rs. 25,000 withdrawn from bank for office use. In which voucher type, this transaction will be recorded?

(a)

Contra Voucher

(b)

Receipt Voucher

(c)

Payment Voucher

(d)

Sales Voucher

In 2009, Tally Solutions introduced the software ___________

(a)

Tally. ERP 9

(b)

Tally. ERP 10

(c)

Tally. ERP 6.0

(d)

Tally. 8.0

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

Branch/Division is a group defined under _________

(a)

Assets

(b)

Income

(c)

Liabilities

(d)

Expenditure

_______________ collects financial data, processes them and provides information to the various users.

(a)

Accounting System

(b)

Management Accounting System

(c)

Accounting Information System

(d)

Management Information System

___________ is a document which contains details of transactions.

(a)

Voucher

(b)

Receipt

(c)

Report

(d)

Statement

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

(a)

Purchase voucher

(b)

Sales vouchers

(c)

Contra voucher

(d)

Receipt voucher

1 x 2 = 2

Assertion (A) : All transactions related to receipt either in cash or through bank are recorded using receipt voucher.
Reason (R) : Purchase vouchers are used for recording both cash and credit sale of goods.
(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.

1 x 2 = 2

(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

1 x 1 = 1

(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

1 x 2 = 2

(a)	Journal voucher	Depreciation
(b)	Sales voucher	Cash and credit sales of goods
(c)	Purchase voucher	Cash and credit purchases
(d)	Contra voucher	Only receipt items

4 x 2 = 8

State any five accounting reports.

What is Accounting Information System (AIS)?

What are the steps involved in designing accounting reports?

A chemist as per the requirement of law makes use of computer for recording the stock of all the medicines including their manufacturing and expiry dates. What benefits he will get from computerised records also tell the values indicated in the question.

2 x 3 = 6

Write a brief note on accounting vouchers.

Explain any five applications of computerised accounting system.

1 x 5 = 5

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

Liabilities	Rs.	Assets	Rs.
Capital	2,26,000	Buildings	1,00,000
Sundry creditors:		Furniture	10,000
Maya A/c	24,000	Stock	20,000
		Sundry debtors
		Peter	50,000
		Cash in hand	15,000
		Cash at bank	55,000
	2,50,000		2,50,000

During the year the following transactions took place.
(a) Wages paid by cash Rs. 2,000
(b) Salaries paid by cheque Rs. 5,000
(c) Cash purchases made for Rs. 3,000
(d) Good purchased on credit from Yazhini Rs. 15,000
(e) Goods sold on credit to Jothi Rs. 25,000
(f) Payment made to Yazhini through NEFT Rs. 5,000
(g) Cash received from Peter Rs. 30,000
(h) Cash sales made for Rs. 6,000
(i) Depreciate buildings at 10%
(j) Closing stock on 31.03.2019 Rs. 15,000
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.