Contra voucher is used for

Which is not the default group in Tally?

Rs. 25,000 withdrawn from bank for office use.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

In 2009, Tally Solutions introduced the software ___________

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

Branch/Division is a group defined under _________

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

___________ is a document which contains details of transactions.

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

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.

(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

(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

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.

Write a brief note on accounting vouchers.

Explain any five applications of computerised accounting system.

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

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.