12th Accountancy - Book Back Answers - Unit 10 - English Medium Guides ~ Kalvi Tips

12th - Accountancy - Book Back Answers - Unit 10 - English Medium

Tamil Nadu Board 12th Standard Accountancy - Unit 10: Book Back Answers and Solutions

This post covers the book back answers and solutions for Unit 10 – from the Tamil Nadu State Board 12th Standard Accountancy textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

By going through this material, you’ll gain a strong understanding of Unit 10 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

1 Mark Questions: Choose the correct answer,
2 Mark Questions: Very Short Answer Questions
3, 4, and 5 Mark Questions: Short Answer Questions, Excercises

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 12th students! Prepare well and aim for top scores. Thank you!

Topic: Unit 10 : Computerised Accounting System Tally

I. Choose the correct Answer

Question 1.
Accounting report prepared according to the requirements of the user is ……………..
(a) Routine accounting report
(b) Special purpose report
(c) Trial balance
(d) Balance sheet
Answer Key:
(b) Special purpose report

Question 2.
Function key F11 is used for ……………..
(a) Company Features
(b) Accounting vouchers
(c) Company Configuration
(d) None of these
Answer Key:
(a) Company Features

Question 3.
Which submenu displays groups, ledgers and voucher types in Tally?
(a) Inventory vouchers
(b) Accounting vouchers
(c) Company Info
(d) Account Info
Answer Key:
(d) Account Info

Question 4.
What are the predefined Ledger(s) in Tally?
(i) Cash
(ii) Profit and Loss A/c
(iii) Capital A/c
(a) Only (i)
(b) Only (ii)
(c) Both (i) and (ii)
(d) Both (ii) and (iii)
Answer Key:
(c) Both (i) and (ii)

Question 5.
Contra voucher is used for ……………..
(a) Master entry
(b) Withdrawal of cash from bank for office use
(c) Reports
(d) Credit purchase of assets
Answer Key:
(b) Withdrawal of cash from bank for office use

Question 6.
Which is not the default group in Tally?
(a) Suspense account
(b) Outstanding expense
(c) Sales account
(d) Investments
Answer Key:
(b) Outstanding expense

Question 7.
Salary account comes under which of the following head?
(a) Direct Incomes
(b) Direct Expenses
(c) Indirect Incomes
(d) Indirect Expenses
Answer Key:
(d) Indirect Expenses

Question 8.
RS 25,000 withdrawn from bank for office use. In which voucher type, this transaction will be recorded ……………..
(a) Contra Voucher
(b) Receipt Voucher
(c) Payment Voucher
(d) Sales Voucher
Answer Key:
(a) Contra Voucher

Question 9.
In which voucher type credit purchase of furniture is recorded in Tally ……………..
(a) Receipt voucher
(b) Journal voucher
(c) Purchase voucher
(d) Payment voucher
Answer Key:
(b) Journal voucher

Question 10.
Which of the following options is used to view Trial Balance from Gateway of Tally?
(a) Gateway of Tally -> Reports -> Trial Balance
(b) Gateway of Tally -> Trial Balance
(c) Gateway of Tally -> Reports -> Display -> Trial Balance
(d) None of these
Answer Key:
(c) Gateway of Tally -> Reports -> Display -> Trial Balance

II.Very short answer questions

1. What is automated accounting system?

Automated accounting is an approach to maintain up-to-date accounting records with the aid of accounting software.

2. What are accounting reports?

Accounting report is a compilation of accounting information that are derived from the accounting records of a business concern. Ex- Day books / Journal, Ledger, Trial balance

3. State any five accounting reports.

Day books / Journal
Ledger
Trial balance
Income statement
Balance sheet
Cash flow statement

4. What is Accounting Information System (AIS)?

Accounting Information System (AIS) collects financial data, processes them and provides information to the various users. To provide information AIS requires data from other information system that is manufacturing, marketing and human resources.

5. What is a group in Tally. ERP 9?

In Tally, a Group is a collection of ledgers of the same nature. There are predefined groups of accounts which are widely used in accounts of many organisations. Groups are categorised as Primary Groups and Sub-Groups.

III.Short questions

1. Write a brief note on accounting vouchers.

Voucher is a document which contains details of transactions. Transactions are to be recorded through voucher entries.
Tally has a set of predefined vouchers such as Purchase, Sales, Payment, Receipt and Contra. Ex - Receipt Voucher, Payment Voucher.
Gateway of Tally > Masters > Accounts Info > Voucher Types > Display

2. What are the pre-defined ledgers available in Tally. ERP 9?

In Tally, to record transactions, the transactions are to be identified with the related ledger accounts. These are - i) Cash and Profit & Loss A/c
Gateway of Tally > Masters > Accounts Info > Ledgers > Single Ledger > Create

3. Mention the commonly used voucher types in Tally. ERP 9.

i) Receipt Voucher

All transactions related to receipt either in cash or through bank are recorded using receipt voucher.
Gateway of Tally > Transactions > Accounting Vouchers > F6:Receipt

ii) Payment Voucher

All transactions related to payments either in cash or through bank are recorded using payment voucher.
Gateway of Tally > Transactions > Accounting Vouchers > F5:Payment

iii) Contra Voucher

A transaction involving both cash account and bank account is recorded using contra voucher. Gateway of Tally > Transactions > Accounting Vouchers > F4:Contra

iv) Purchase Voucher

Purchase vouchers are used for recording both cash and credit purchases of goods.
Gateway of Tally > Transactions > Accounting Vouchers > F9:Purchase

v) Sales Voucher

Sales vouchers are used for recording both cash and credit sales of goods.
Gateway of Tally > Transactions > Accounting Vouchers > F8:Sales

vi) Journal Voucher

Journal vouchers are used for recording transactions involving other than cash, bank, purchases and sales such as depreciation, provision for bad debts.
Gateway of Tally > Transactions > Accounting Vouchers > F7:Journal

4. Explain how to view profit and loss statement in Tally. ERP 9.

To view Profit and Loss Account

F10: A/c Reports > Profit & Loss A/c > AltF1 (detailed) (or) Gateway of Tally > Reports > Profit & Loss A/c > AltF1 (detailed)

5. Explain any five applications of computerised accounting system.

1. Maintaining accounting records:

In CAS, accounting records can be maintained easily and efficiently for long time period. It does not require a large amount of physical space.

2. Inventory management:

CAS facilitates efficient management of inventory. Fast moving, slow moving and availability of inventory, level of inventory, etc., can be obtained instantly.

3. Pay roll preparation:

Pay roll involves the calculation of amount due to an employee. Salary Pay of an employee may be calculated based on hours/days worked or units produced. Also recorded attendance of an employees.

4. Report generation:

CAS helps to generate various routine and special purpose reports.

5. Data import/export:

Accounting data and information can be imported from or exported to other users within the organisation as well as outside the organisation.

6. Taxation:

CAS helps to compute various taxes and to deduct these and deposit the same to the Government account.

IV. Excercises

12th Accountancy