LCC Center for Computer Education

Tally 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)

II. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

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. Displays Company Info. To toggle between invoice and voucher. To explode a line into details. To duplicate a voucher. Key for Selecting a Receipt Voucher To come out of screen / Clear field entries. Key for Selecting a Sales Voucher To Accept a Voucher / Field. To add a voucher. To accept all audited vouchers To insert a voucher

15 x 1 = 15

III. 1. 2. 3. 4. 5.

Explain in three to four sentences

5 x 4 = 20

Briefly explain the four types of references available in maintaining Billwise details. What are Stock Groups/Categories/Items and Units of Measure? Briefly explain Security Control. Briefly explain vouchers involved under Order processing. Write the steps for creating a Backup/Restore.

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.1, 50,000 Rs. 50,000 Rs.50, 000 Rs.20, 000 Rs30, 000 Rs. 5,000 Rs.5, 000 Rs. 50,000 Rs.20, 000 Rs.50, 000 Rs.5000 Rs 5,000 Rs.20, 000 Rs15, 000 Rs 40,000 Rs. 15,000 Rs.5, 000 Rs.3, 000 Rs.1, 800 Rs.1, 200 Rs.2, 000

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.5, 00,000 Deposited Cash into Indian Bank Rs 2, 00,000 Cash Purchases Rs.50, 000 Purchases from Vinoth Stores Rs50, 000 Paid Cash to Vinoth Stores Rs.25, 000 Paid Cheque (Indian Bank) to Vinoth Stores Rs.25, 000 Cash Sales Rs.1, 00,000 Sales to Yogesh & Co Rs.1, 00, 000 Received Cheque (Indian Bank) form Yogesh & Co Rs.50, 000 Received Cash from Yogesh & Co Rs.50, 000 Purchases form Vivek& Co Rs.10, 000 Purchase Return to Vivek&Co Rs.1000 Sales to Vishal & Co Rs 25,000 Sales Return from Vishal & Co Rs.2, 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.2 5,000 Cash Drawings from Office for personal use Rs.5, 000 Paid Rent by Cash Rs.3, 000 Paid Salaries by Cash Rs.2, 000 Paid Printing Charges by Cash Rs.1, 000 Paid Stationary Charges by Cash Rs.250

Adjustments Problem I April 2011

1 Govindarajan commenced his business with the cash 5, 00,000 1 Bought Plant and Machinery Rs.2, 50,000. 2 Bought Furniture Rs.10, 000. 2 Purchased Goods for Cash Rs.1, 00,000 3 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, 000 16 Sold goods to Rahul & Co. Rs.5000 March 2012 19 Sold goods to Sundar on credit Rs. 1, 50,000. 22 Withdrew Cash from State Bank of India Rs.20, 000 23 Sundar Returned Rs.10, 000. 25 Received cash from Sundar Rs. 1, 25,000 30 Paid rent Rs.5, 000. 30 Paid salaries Rs. 10,000 30 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.5000 3. 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.