B.C.A. (Semester (CBCS) Examination Mar/Apr-2018
FINANCIAL ACCOUNTING WITH TALLY
Time: 2½ Hours
Max. Marks: 70
Instructions: All Questions are compulsory. Draw neat labeled diagram wherever necessary. Figures to the right indicate full marks.
Q.1
Select correct alternatives and rewrite statements:-
14
Gradual and permanent decrease in the value of assets is known as
Discount
Interest
Depreciation
Installment
is an explanation of the journal entries passed.
Invoice
Voucher
Transaction
Narration
The journal is called a book of Entry.
Original
Ledger
Real
Profit
LIFO stands for
First In First Out
Last in Last Out
Last in First Out
First in Last Out
Goodwill is an assets.
Intangible
Current
Long term
Secured
Closing stock is valued at cost price or market price whichever
More
Less
Excess
God
Sales journal records only Sales of goods.
Debit
Credit
Excess
None
s
Tally provides a set of number of predefined groups mainly based on the traditional, methods of accounting system.
15
28
32
30
In receipt voucher cash account has Type of balance.
Cash
Journal
Credit
Debit
10) To print the invoice key is used.
F3
Alt F10
Ctrl P
Alt P
11) In tally for Receipt voucher Key is used.
F6
F7
F8
F9
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SLR-SR-3
12) To configure a company key is used
F4
F2
F12
Alt F12
13) The entire ledger is summarized in the form of a
Journal
Balance sheet
Final account
Trial Balance
14) In tally, to change the features of the company key is used.
F12
F4
F11
F1
Q.2
Attempt any seven of the followings.
14
SLM stands for
Liability
Ledger
FIFO stands for
Depreciation
TDS
Contra
Stock Groups
Godowns
Q.3

Attempt any two of the following:-
10
Subsidiary Book.
MIS Reports in Tally.
Explain the features of Tally?

Explain the advantages and disadvantages of Double entry system.
04
Q.4
Answer any two of the followings:-
14
Define Accounting and Explain Internal and External users of account.
Write a short note on Scenario Management.
Ashok Industries purchased a machinery of Rs. 80,000 on 1st Jan 2005. Another Machinery was purchased on 1st July 2006 for Rs. 60,000. Company decided to charge depreciation at 10% per annum under Reducing Balance Method on 31st December every year.
Prepare a machinery account for three year.
Q.5
Answer any two of the following:-
14
From the following information prepare store ledger account of product XYZ on the basis of first in first out method.
Date
Particular
Units
Rate per Units
1/12/2016
Opening Stock
500
1.90
3/12/2016
Receipts
4,000
2.00
14/12/2016
Receipts
2,500
2.10
15/12/2016
Issues
3,000

20/12/2016
Receipts
4,000
2.30
21/12/2016
Issues
6,000

23/12/2016
Receipts
7,000
2.20
28/12/2016
Issues
4,500

31/12/2016
Issues
2,200

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Define Vouchers and explain different types of voucher in Tally.
Journalize the following transaction in the books of Shriram for the month of January 2016
1. Stated business with cash Rs.1,00,000 as his capital
2. Purchased goods on credit from Laxman Rs. 43,000
5. Cash sales for Rs. 62,000
6. Salary paid Rs. 2,000
7. Sold goods to Bharat on 30 days credit Rs. 17,000
8. Paid office rent Rs. 3,000
31. Withdraw for domestic (household) expenses Rs. 7,500