Tally Accounting Course Question Paper
Tally Paper
Time- 3 Hours Minimum Marks: 35 Maximum Marks: 100
Section-A
Exam Theory (50 Marks)
1. Explain the concept of accounting and how Tally software facilitates accounting processes. (10
Marks)
2. Define the following terms and provide examples: (10 Marks)
o Ledger
o Voucher
o Trial Balance
o GST (Goods and Services Tax)
o ERP (Enterprise Resource Planning)
Discuss the importance of financial statements in Tally and how they aid in decision-making for
businesses. (10 Marks)
3. Elaborate on the features and advantages of Tally ERP 9. (10 Marks)
4. Briefly explain the process of data backup and restoration in Tally. (5 Marks)
5. What are the key differences between Tally ERP 9 and earlier versions? (5 Marks)
Section-B
Exam Practical (50 Marks)
7. Create a Company: (10 Marks)
o Open Tally software and demonstrate how to create a new company.
o Set up the necessary company details, including financial year and base currency.
8. Ledger Creation: (10 Marks)
o Add at least three different types of ledgers, specifying the group and opening balance for each.
9. Voucher Entry: (10 Marks)
o Record the following transactions using appropriate vouchers:
o Sales Invoice
o Purchase Invoice
o Payment Voucher
o Receipt Voucher
10. GST Computation: (5 Marks)
o Calculate and show how GST is applied to a sales transaction.
o Verify the GST reports to ensure accurate tax calculation.
11. Bank Reconciliation: (5 Marks)
o Perform a bank reconciliation by matching the bank statement with the Tally records.
o Explain the steps taken to rectify any discrepancies.
12. Financial Statements: (10 Marks)
o Generate a Trial Balance, Profit and Loss Account, and Balance Sheet for the given company.
o Analyze and interpret the financial statements.
Note:
o Answer all questions in the given order.
o Clearly label and number each answer.
o Marks are allocated for correct Tally procedures, accuracy, and clarity of explanations.
