BHARAT SEVAK SAMAJ

Financial Management - Theory

BSS/CT/1108                                                                         

Time: 2 hrs. Max. Marks: 100

I.    Fill in the blanks:                                                                     (10 x 1 = 10)

1. The Profit and Loss account is also called ------------------.
2. Cash in hand is considered to be ---------------.
3. -------------- is the Original Books of Entry.
4. The right side of an account is called ----------------.
5. ---------------- Command is used to display the contents of a file.
6. Day book is located in -------------- menu.
7. Tally 6.3 developed in the year --------------.
8. Sort option is in ------------ menu.
9. In Tally F2 is used for ------------------.
10. --------------- Key is used to list the company names.

II.  State whether True or False                                                    (10 x 1 = 10)

1. Tally does not provide calculator.                                             

2. REN is an external command.

3. Ctrl + V are used to delete a file.

4. Balance Sheet is an Account.

5. Secured loans are in liabilities.

6. Alt + F10 is used for physical stock.

7. Memory is a part of output.

8. Balance Sheet comes under the gateway of Tally.

9. The item Cash in hand is a current asset.

10. Mail Merge is a facility in Tally.

III. Answer any SIX of the following                                            (6 x 10 = 60)

1. What are the concepts of Accounting?

2. Explain Bills Receivable and Bills Payable.

3. Explain different types of transactions.

4. Explain the 5^th Generation of computers.

5. Explain the 5 errors occurred in Trial Balance.

6. What are the facilities in gateway of Tally?

7.   Distinguish between Accounting and Book keeping.

8. What is meant by debit note and credit note?

IV. Answer any ONE                                                                    (1 x 20 =20)

1.   Explain Accounting Features and Inventory features in Tally.

2.   Who are the users of Accounting?