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COMPUTERIZED ACCOUNTING --- IMPORTANT QUESTIONS

UNIT – I: INTRODUCTION TO COMPUTERIZED ACCONTING

1) What is Computerized Accounting?

Explain the Advantages and limitations of computerized Accounting?
2) Explain the Differences between Computerized Accounting and Manual
Accounting.
3) Explain Accounting features in Tally.
4) Explain Accounting Vouchers in Tally.
5) Explain Groups classification chart.
6) Explain about various Reports available in Tally.
7) How to Create a company in Tally.
8) Explain about company info Menu. (Create, Alter, Select, Shut company)
9) Explain about Gateway of Tally.
10) What is the need of Computerized Accounting.
11) What are the steps in Manual Accounting cycle?
12) What are the steps in Computerized Accounting?

UNIT – II: ACOUNTING WITH INVENTORY

1) What is Inventory Info Menu? Explain about Inventory Info Menu.

2) Explain about Inventory Vouchers available in Tally?
3) Write about Inventory features in Tally?
4) Explain various Inventory Reports available in Tally?
5) What is Units of Measure?
6) How to create Stock Items?
7) What is Purchase Order?
8) What is Sales Order?
9) How to enable, Create Godowns and Stock categories in Tally?

Department of Commerce - NSV Degree Colleges , JAGTIAL

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UNIT – III: FINAL ACCOUNTS OF BUSINESS ORGANIZATIONS

1) Explain the procedure of maintaining accounts of Service organizations

in Tally?
2) Describe the procedure of maintaining accounting of Partnership firms in
Tally?
3) Discuss the procedure of maintaining accounts of Corporate companies
in Tally?
4) What is the procedure for maintaining accounts of Banks in Tally?
Explain.
5) What are the financial statements prepared by service organizations?

UNIT – IV: COST AND MANAGEMENT ACCOUNTING

1) Explain about various Stock Valuation methods.

2) What is Cash Flow Statement?
How to get Cash flow Statement in Tally?
3) What is Funds Flow Statement?
How to get Funds Flow Statement in Tally?
4) What is Common Size financial statement in Tally?
How to get common size balance sheet and profit and loss a/c in Tally?
5) Write the procedure for Job Costing in Tally.
6) What are the various job costing reports?
7) How to get Ratio Analysis report in Tally?

UNIT – V: GOODS AND SERVICE TAX (GST)

1) What is GST? Explain the importance (or) Objectives of GST?

2) Discuss the Components of GST in detail.
3) Which taxes at the Centre and State level are being subsumed into GST?
4) Explain the Registration process of GST.
5) Write the steps to enable GST and passing transaction in Tally?
6) Explain about GST forms in Tally.
7) How to file GST? Explain the procedure of filing in detail.
8) What are the various rates of GST?

Department of Commerce - NSV Degree Colleges , JAGTIAL