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G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
Exam Code : GDIFA/IAB/X/OLD/280810
Time: 3 hours
Marks: 100
PART-I
MANUAL ACCOUNTING
I.
Journalise the following ten questions. Each carries 1 Mark
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
II.
Commission received in advance Rs 1000.
Transfer the profit Rs 30000 to the Ajay’s Capital A/c.
Computer worth Rs 30000 lost by theft.
Cash purchase Rs 10000.
Interest paid Rs 300.
The owner of the company withdraws Rs 500 for his personal use.
Bought Stationary Rs 800 to Computer mart.
Answer any five from the following questions. Each carries 2 Marks
1.
2.
3.
4.
5.
6.
(10*1=10)
Gopi settled his a/c of Rs 700 and was allowed 5% discount.
Received a cheque Rs 1000 from sheela and banked immediately.
Write off bad debts Rs 500.
(5*2= 10)
What are Bad debts?
What is a Journal?
What are Ledgers?
What do you mean by Book Keeping?
Explain the rules for Debit and Credit?
What are Outstanding Expenses?
PART-II
TALLY
III.
Fill in the Blanks. Each carries 1 mark
(10*1=10)
_________ are used for recording day to day transactions.
Brokerage is created under _________ group.
_________ is a non-accounting voucher whose entry does not affect your account
at all.
4.
Expansion of LIFO is_________ .
5.
_________ key is used for journal voucher .
6.
_________ utility is required to convert the data of tally older version into tally 9
format.
7.
_________ is the right place to have a look at all the vouchers entered till date.
8.
Tax received on sales is called __________.
9.
To display the entire purchase voucher in________ register?
10. Alt+C is used for _______.
1.
2.
3.
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
1
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
IV.
Answer the following questions. Each question carries 2.5 marks
1.
2.
(2*2.5=5)
a) Explain the term ‘current asset’ and its subgroup.
Or
b) Type of inventory vouchers and its shortcuts.
a) How to create/customize a voucher?
Or
b) What are the uses of track additional cost of purchase?
PART-III
PEACHTREE
V.
Answer the following questions. Each carries 1 mark
1.
2.
3.
4.
5.
VI.
Match the following. Each carries 1 mark
1.
2.
3.
4.
5.
VII.
Finished goods
Action item
Color scheme
Phases
Finance charge
(1*5=5)
1. Events
2. Job cost
3. Customer
4. Bill of materials
5. General Tab
Answer the following questions. Each carries 2.5 marks
1.
2.
(5*1=5)
To edit the vendor ID ________ option select from edit menu.
Reference for the general journal entry transaction is up to__________ characters.
Sales tax code is ________.
Cash sales enter into __________ voucher.
________ option can translate information from other application.
(2*2.5=5)
List the different types of general ledger report?
What is tracking number and its steps?
PART-IV
WINGS
VIII.
Fill in the blanks. Each carries 1 mark
1.
2.
3.
4.
5.
IX.
MRN Stands for ________.
________ transactions involves receipt and payment through cheque.
________ option allows we to set the foreign exchange rate.
A ________ is a group of products.
Wings track goods that are used for _________.
Answer any two of the following questions. Each carries 2 marks.
1.
2.
3.
4.
( 5 * 1 = 5)
( 5* 2=10)
Explain the use of ‘copy of’ button.
Define the term Bank reconciliation.
What is PDC? Explain.
How can we apply the sales tax?
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
2
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
5.
How to convert a sales order to sales?
PART-V
DACEASY
X.
Fill in the blanks. Each carries 1 Mark
1.
2.
3.
4.
5.
XI.
The account type can be general or__________.
To change the product code__________ option select from option menu.
To create a multi-level inventory structure, add a _________for each primary
product you sell.
__________shortcut is used for delete a detail list from master item.
_________ cash flow group is normally composed of capital.
Answer the following questions. Each carries two marks
1.
2.
3.
4.
5.
(5*1=5)
(5*2 =10)
Explain the chart of accounts.
Define filling backorders.
How to entering the controller password?
Explain receivable ledger.
What are the options in Easy setup?
PART VI
LINUX
XII.
Fill in the blanks. Each carries one mark
1.
2.
3.
4.
5.
XIII.
Choose the most appropriate. Each carries one mark
(touch, GIMP, mv, open office draw ,etc, ls , paste, comm, cat,777)
6.
7.
8.
9.
10.
(5*1=5)
To display first few lines of a file _________ command is used.
_________ is a command interpreter of the operation system.
The expansion of GREP is _________.
_________ is used to send message to all the users.
_________ command is used for searching a particular file .
(5*1=5)
_________ application is used to draw charts, graphs etc..
_______ contains system configuration files.
The most popular graphics software in Linux is ______ .
_________ command to display all records of a file in the current directory.
______________ command to create an empty file.
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
3
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
PART VII
MS OFFICE
XIV.
Fill in the blanks. Each carries one mark
11.
12.
13.
14.
15.
XV.
(5*1=5)
ENIAC stands for ___________.
Combination of digital and analog computer is called _________.
In Excel, to get the current date and time_________ function is used.
__________is the shortcut key of save as.
Default alignment of Excel is _________.
State whether true or false. Each carries one mark.
16.
17.
18.
19.
20.
( 5 * 1 = 5)
Slides are individual pages of the presentation.
Interpreter is used to convert assembly language in to machine language
Create a Bookmark to assign a name to a specific point in a document.
The Shortcut key for center alignment is Ctrl+C.
Change case option is applicable only in Ms Word.
ANSWERS
I.
Journalise the following
1. Bank A/c
Dr
Discount allowed A/c
Dr
To Gopi
2. Bank A/c
Dr
To Sheela
3. Bad debts A/c
Dr
To Sundry debtors
4. Commission received A/c
Dr
To Commission received in advance
5. Profit & Loss A/c
Dr
To Ajay’s Capital A/c
6. Loss by theft A/c
Dr
To Computer A/c
7. Purchase A/c
Dr
To Cash A/c
8. Interest A/c
Dr
To Cash A/c
9. Drawings A/c
Dr
To Cash A/c
10. Stationary A/c
Dr
To Computer Mart A/c
665
35
700
50
50
500
500
1000
1000
30000
30000
30000
30000
10000
10000
300
300
500
500
800
800
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
4
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
II.
Answer the following questions
1. Some debts due to the organization are irrecoverable for reasons such as the
insolvency of the debtors, willful non payment by the debtor and so on. Debts
which are concluded as irrecoverable are known as bad debts.
2. Journal-A journal is a book in which business transaction are entered in
chronological order. A record of a single business transaction is called journal
entry.
3. Ledger-A ledger is the book in which all the accounts are maintained. The chart
of accounts of the business shows the categorization and grouping of its
accounts.
4. Book-keeping is an art of recording business transactions in a systematic
manner.
5. Accounts are classified into three types
i. Personal a/c
ii. Real a/c
iii. Nominal a/c
Its rule
Personal
Real
Nominal
gains
Debit
the receiver
what comes in
all expenses and losses
Credit
the giver
what goes out
all incomes and
6. These are the expenses that have been incurred during a particular trading
III.
IV.
period, but not paid by the end of that period.
Fill in the blanks
1. Vouchers
2. Indirect expenses
3. Memo voucher
4. Last in first out
5. F7
6. Data Migration
7. Daybook
8. Output Vat
9. Purchase book
10. Secondary creation
Answer the following question
1. A) Current asset refers to cash or other temporarily assets which can be
converted into cash in a short period.
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
5
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
i.
ii.
iii.
iv.
v.
vi.
Bank account
Cash in hand
Deposits
Loans & Advances
Stock in hand
Sundry debtors
B) Pure inventory vouchers are used to record the receipt and issue of items/ stocks/
goods, transfer of stock between go downs, physical stock adjustments.
vii. Receipt note voucher (Alt+F9)
viii. Delivery note voucher (Alt+F8)
ix. Rejection in voucher (Ctrl+F6)
x. Rejection out voucher (Alt +F6)
xi. Stock journal voucher (Alt + f7)
xii. Physical stock voucher (Alt + F10)
xiii. Purchase order voucher (Alt + F4)
xiv. Sales order voucher (Alt + F5)
2. A)We cannot create a completely new type of voucher but we can customize the
existing voucher formats.
Steps
Gateway of tally Accounts info  Voucher types  create  type the name
for new voucher type to be created  select the type of voucher from the list
of predefined voucher  Then select type of voucher numbering, narration etc.
then accept.
B) We can specify what additional costs were incurred in moving goods into the
location or for producing them. Though these costs are strictly accounting heads,
they do not get posted in the relevant nominal ledger accounts but add to the cost of
the item. In the target location, you can specify additional costs incurred without
actually affecting accounting at all. To activate the option in F11 features. After
entering the amount for an item, the additional cost details entry box pops up. You
may specify additional costs for transferring or roducing the item and % of the total
amount.
V.
VI.
Fill in the blanks
1. Change ID
2. 15
3. 23100
4. Receipt
5. Import/Export
Match the following
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
6
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
VII.
VIII.
IX.
1. Bill of Materials
2. Events
3. General tab
4. Job cost
5. Customer
Answer the following questions
1. General ledger reports allow allow you to list your chart of accounts, General
ledger, General journal, and trail balances.
I.
Chart of Accounts-Lists each general ledger account number, its
description, and the account type.
II.
General Journal-Lists transactions in journal format.
III.
General Ledger-Shows all transactions in each account for the current
period.
IV.
General Ledger Trial Balance-Shows each account and its balance as of
the date or period you select.
V.
Working Trial Balance-Use this as a worksheet to make adjustments to
account balances.
2. Tracking number is used the time of record receipt of new stock in case the bill
not received. It is entered into purchase/receiving inventory book. The book can
be later adjusted after receiving the bill. If not yet received a vendor invoice (bill)
for the purchasing, select the waiting on bill from vendor check box. Once the
vendor send the bill edit the invoice, clear the waiting on bill from vendor check
box, enter the invoice number and post.
Fill in the blanks
1. Material Receipt Note
2. Bank Transactions
3. Exchange Rates
4. Batch
5. Internal Consumption
Answer the following questions
1. Wings provides a feature using, which you can copy, contents of existing
vouchers to new vouchers to save time. This will help you in entering
transactions, which are of repetitive type with little efforts and time. Open the
new voucher and click copy from button. Wings will prompt the paste from
window.
2. Accounting entries for bank receipts and payments are generally recorded on the
date on which cheques are received/issued. The actual receipt into or payment
from the bank account may take place at a future date. Further, there may be
some entries, which may be appearing in the bank passbook but may not
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
7
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
X.
XI.
appearing in the bankbook. Examples are bank charges, deposits by debtors
directly into the bank account, interest on overdraft etc.
3. Wings provides we with the facility to manage post-dated cheques throughout
their life cycle. Post dated cheques management keeps track of PDCs issued,
received and cleared. PDC received form is used to record the PDCs issued,
received from the customers. The PDC issued form is used to record the detail of
PDCs issued to the vendors.
4. Sale Tax is an important statutory and financial consideration for your business.
Sale tax is levied on the product that is either bought or sold (at the point of
sale). Wings handles sales tax accounting in a very efficient manner. It helps you
to fulfil the legal formalities and also ensures proper collection, payment and
accounting of sales tax.
5. Conversion of order to sales.
i. Entry  sales  sales
ii. Click on edit
iii. Click on copy from (ctrl + c)
iv. On paste from window select voucher type “sales order”
v. Select voucher no(order voucher)
vi. Click paste header info button to paste sales and party a/c
vii. Click on paste button and close window.
viii. Save to accept the sales entry after any alteration required.
Fill in the blanks
1. Detail
2. Change code
3. Master item
4. Shift + F6
5. Financial
Answer the following questions
1. DacEasy use multilevel chart of accounts we can use to easily departmentalize,
or categories, your income and expenses. There are two types- general and
detail. To create a new account set these options.
i. Account number-This can be up to 10 characters.
ii. Account name- This can be up to 25 characters.
iii. Account type- it is general or detail
iv. Account level-up to 5 levels.
v. Parent-The general a/c one level above an account.
vi. Reconcilable-Bank a/c and cash a/c that we reconcile.
vii. Balance-The current balance in the account.
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
8
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
2. When we enter invoices, DacEasy creates a backorder each time a normal typeproduct is ordered and the ordered quantity is greater than the on-hand quantity.
If you wish to track backorders, select the track customer backorders check box
3. If we want to activate user access rights to the program on the system preference
dialog box, we must first add a controller password. Select Default from edit
menu, and then select passwords. Enter a password. Then retype the password.
Click OK to save the password.
4. Use the receivable ledger to update customer balances. We can enter all
customer activity in this book. It is more common to enter normal customer
activity in the billing module and use the receivable ledger for adjusting entries.
5. The options are
i. Add company information
ii. Set up accounting period
iii. Add account balances
iv. Add vendors
v. Add customers
vi. Add products
vii. Add services
viii. Exit
XII.
Fill in the blanks
1.
Head
2.
Shell
3.
Global Regular Expression Printer
4.
Wall
5.
Find
XIII.
Choose the correct answers.
6.
Open Office Draw
7.
Etc
8.
Gimp
9.
Ls
10.
Touch
XIV. Fill in the blanks
11.
Electronic Numeric Integrator And Calculator
12.
Hybrid
13.
Now()
14.
F12
15.
General
XV. True or False
16.
True
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
9
G-TEC COMPUTER EDUCATION
(A Division of Glosoft Technologies PVT.Ltd)
ISO 9001-2008 CERTIFIED
Model Question Paper & Answer Key
Diploma in Indian and Foreign Accounting
(DIFA)
17.
18.
19.
20.
False
True
False
True
_________________________________________________________________________
GDIFA/IAB/X/OLD/280810
www.gteceducation.com
10
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