BHARAT SEVAK SAMAJ
Time: 2 hrs. Max. Marks: 100
I. Fill in the blanks: (10 x 1 = 10)
1. The short cut key to get monthly report is ---------------.
2. The simplest and the most commonly used type of journal is ------------.
3. Budget is in ----------- menu.
4. The book that records small payments of cash is called------------.
5. A---------- is both a journal and a ledger
6. VAT reports is in ---------- menu.
7. A person who owes money to the business is a -----------.
8. ---------- represents the invested by the owner into business.
9. -------- is the original form of accounting.
10. Assets acquired for long term use in the business are termed as---------.
II. State whether True or False: (10 x 1 = 10)
1. Balanced Sheet is an Account.
2. Secured loans are in liabilities.
3. Alt+F10 is used for physical stock.
4. Balance sheet comes under the Gate way of Tally.
5. The item Cash in hand is a current asset.
6. In Tally A.B.C. Ltd and ABC Ltd. are different.
7. Journal is a book of account.
8. Ledger creation menu is in Inventory information menu.
9. The profit and loss account also called Statutory Report.
10. The right side of an account is called credit.
III. Answer any SIX of the following: (6 x 10 = 60)
1. How do you prepare a trial balance?
2. Explain the imprest system of Petty Cash?
3. Describe Real and Nominal Account?
4. What are ‘Fixed’ Assets’? Give three examples.
5. What are the concepts of Accounting?
6. Explain Bills Receivable and Bills Payable.
7. Explain different types of transactions.
IV. Answer any ONE of the following: (1 x 20 = 20)
1. How can we create, alter and delete Units of measure?
2. Explain the meaning and objectives of the Trial Balance.