VIRAT INSTITUTE

TEST PAPER
SUBJECT – TALLY FOUNDATION
Que. 01- Describe the following-
A. Journal Book
B. Types of Accounts and its golden rules
C. Difference Between Manual Accounting Vs Computerized Accounting
D. GSTR-1, GSTR-2A, GSTR-2B, GSTR-3B
Que. 02- True or False
A. Tally is an Accounting Package.
B. We can create and edit all types documents file in TallyPRIME.
C. Ctrl + N Shortcut Key used for Calculator in TallyPRIME.
D. F12 Shortcut Key Used for Configuration.
E. F11 Shortcut Key Used for Features.
Que. 03- Fill in the Blanks
A. Tally Software Developed by ……………………………………………….
B. Director Remuneration is Under ……………………………………… Group.
C. Salary Payable is Under ……………………………………. Group.
D. GSTIN Full Form is ……………………………………………………………………….
E. PAN Full Form is ……………………………………………………………….
Que. 04- Journalize the following transections in XYZ Company.
1. Commenced business with cash 80,000
2. Deposited cash with bank 40,000
3. Purchased goods by paying cash 5,000
4. Purchased goods from Lipton & Co. on credit 10,000
5. Sold goods to Joy and received cash 11,000
6. Paid salaries by cash 5,000
7. Paid Lipton & Co. by cheque for the purchases made on 4th Jan.
8. Bought furniture by cash 4,000
9. Paid electricity charges by cash 1,000
10.Bank paid insurance premium on furniture as per standing
instructions 300.