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SOFTWARE ENGINEERING COMPANY
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TALLY

 

Net Tech Software Engineering Company Private Limited

4th Floor, Satabdi Tower, SNP Area Sakchi, Jamshedpur-1

STUDENT PROJECT & ASSIGNMENT DIVISION

Subject – Tally                                                                 Marks: 100

 

    1. What is accounting? Explain accounting cycle.
    2. Explain the following general term.

    Business,   Transaction,                 Capital,            Assets,                         Liabilities, Purchase,    Purchase Return,       Sales,               Sales Return,    Creditors, Debtors,       Goods,                                     Drawing,       Income,           Expenses, Profit,          Loss,                            Bad Debts,       Discounts and Ledger.

    1. What is Tally? Explain its Versions Details with their features.
    2. What do you means by Company, Why do we create company explain all options of company creations screen.
    3. What is Group? Explain all Groups with their name and descriptions.
    4. What do you means by vouchers, how many types of vouchers are there? Explain all with their shortcut keys.

         7. Journalise the following transaction and post  it to the ledger and write the vouchers name in which it will be posted.


    Date

    Transaction

    01.4.2004

    Business started with cash Rs. 5,00,000

    02.4.2004 

    Goods purchased from Mohan Rs.40.000

    05.4.2004

    Stationery purchased for cash Rs. 2,000

    06.4,2004

    Opened a bank account with UTI Bank by depositing cash of Rs. 50,000

    08.4.2004

    Goods sold to Riya for Rs. 25,000Received a cheque of Rs. 25,000 from Riya

    11.4.2004

    Sold goods to Shrimidhi Rs. 12,000

    15.4.2004

    Shrimidhi pays Rs. 12,000 cash

    16.4.2004 

    Goods purchased for Rs. 16,000 on credit from Neetu

    18.4.2004

    Insurance paid by cheque Rs. 8,000

    19.4.2004

    Paid Rs. 4,000 towards rent by cash

    20.4.2004

    Goods consting Rs. 2,500 give as charity

    23.4.2004

    Purchased office furniture for Rs. 10,500 in cash

    24.4.2004

    Cash withdrawn for household purposes Rs. 2000

    25.4.2004

    Interest received in cash Rs. 1,000

    27.4.2004

    Cash sales Rs. 5,000

    28.4.2004 

    Commission paid Rs. 1,000 by cheque

    29.4.2004 

    Telephone paid by cheque Rs. 2,500

    30.4.2004

    Payment of salary in cash Rs. 13,000