LCC Center for Computer Education

Tally Test

Name of Student: ___________________ Course Name: ____________________

Duration: - 1 Hour Total Marks: - 50

Section I I III

Max Marks 10 15 20

Marks Obtained

I. Fill in the blanks 10 x 1 = 10

1. _____________ (Groups/Ledgers) are the head of accounts such as Capital,
Bank, Sundry Debtors etc in tally.
2. ___________ (Payment/Contra) voucher is used when entering Cash
Deposits and Cash withdrawals from bank.
3. ______________(Balance Sheet / Profit & Loss Account) displays incomes
and Expenses ledgers along with gross profit and gross loss in Tally.
4. All adjustments entries are entered as ______________ (Journal / Contra)
5. _______________ key (Alt R / Alt D) is used to delete a ledger, voucher or a
company in Tally.
6. The ___________________ (Billwise / Budgets) option is used to maintain
out standings.
7. ____________________ (Administrator/Owner) user has all rights to the
company.
8. Purchase orders are present under _____________ (Accounting/Inventory)
vouchers.
9. Verification of Bank Account with Bankers Statement is called as
(Reconciliation/ Reversing Journals)
10. The statement which displays all ledgers and their balances is
(Balance Sheet / Trial Balance)
II. Match the Following 15 x 1 = 15
1. Alt F2 - To create a ledger during voucher entry
2. Alt F1 - To view detailed report/ To close a company
3. Alt C - To Change Period
4. F8 - To display the next voucher.
5. F6 - Displays Company Info.
6. Esc - To toggle between invoice and voucher.
7. Page down - To explode a line into details.
8. Enter - To duplicate a voucher.
9. Alt 2 - Key for Selecting a Receipt Voucher
10. Alt F3 - To come out of screen / Clear field entries.
11. Alt A - Key for Selecting a Sales Voucher
12. Alt I - To Accept a Voucher / Field.
13. Shift Enter - To add a voucher.
14. Ctrl V - To accept all audited vouchers
15. Alt F7 - To insert a voucher

III. Explain in three to four sentences 5 x 4 = 20

1. Briefly explain the four types of references available in maintaining Billwise
details.
2. What are Stock Groups/Categories/Items and Units of Measure?
3. Briefly explain Security Control.
4. Briefly explain vouchers involved under Order processing.
5. Write the steps for creating a Backup/Restore.
Enter the following transactions in Tally for the month of April 2011

1 Shiva started business with Cash Rs.1, 50,000

2 Deposited Cash into Indian Bank Rs. 50,000
3 Cash Purchases Rs.50, 000
6 Purchases on credit from Velu & Co Rs.20, 000
10 Purchases on credit from Ramlal & Co Rs30, 000
12 Purchase Return made to Ramlal & Co Rs. 5,000
15 Purchase Return to Velu & Co Rs.5, 000
17 Cash sales Rs. 50,000
18 Sales to Dinesh & Co on credit Rs.20, 000
20 Sales to Suresh & Co on credit Rs.50, 000
21 Sales Return from Dinesh & Co Rs.5000
23 Sales Return from Suresh & Co Rs 5,000
25 Paid Cash to Ramlal & Co Rs.20, 000
26 Paid Velu & Co by Cheque (Indian Bank) Rs15, 000
28 Received Cash from Suresh & Co Rs 40,000
28 Received Cheque(Indian Bank) form Dinesh& Co Rs. 15,000
29 Withdrew Cash from Indian Bank for Office use Rs.5, 000
30 Shiva withdrew cash form Indian bank
For Personal use Rs.3, 000
30 Paid Rent by Cash Rs.1, 800
30 Paid Electric Charges by Cash Rs.1, 200
30 Paid Salary by Cash Rs.2, 000
Problem 5: Enter the following transactions in Tally for the month of
April 2011

1 Krishna started business with Cash Rs.5, 00,000

2 Deposited Cash into Indian Bank Rs 2, 00,000
3 Cash Purchases Rs.50, 000
3 Purchases from Vinoth Stores Rs50, 000
5 Paid Cash to Vinoth Stores Rs.25, 000
6 Paid Cheque (Indian Bank) to Vinoth Stores Rs.25, 000
10 Cash Sales Rs.1, 00,000
10 Sales to Yogesh & Co Rs.1, 00, 000
12 Received Cheque (Indian Bank) form Yogesh & Co Rs.50, 000
15 Received Cash from Yogesh & Co Rs.50, 000
15 Purchases form Vivek& Co Rs.10, 000
17 Purchase Return to Vivek&Co Rs.1000
20 Sales to Vishal & Co Rs 25,000
22 Sales Return from Vishal & Co Rs.2, 000
24 Paid Cash to Vivek & Co account and Received
Discount of 10%
25 Received Cash from Vishal & Co and Allowed Discount 10%
28 Withdrew Cash from Indian Bank Rs.2 5,000
28 Cash Drawings from Office for personal use Rs.5, 000
28 Paid Rent by Cash Rs.3, 000
29 Paid Salaries by Cash Rs.2, 000
29 Paid Printing Charges by Cash Rs.1, 000
30 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.