Description

Employability Skills – II Tally
June 2023 Examination

Question 1 Please Create a Company in Tally Using Following Mentioned Details:
Company Name: – Virat Enterprise.
Primary Mailing Details.
Mailing Name: – Virat Enterprise.
Address: – Marol, Andheri (East), Mumbai.
Country: – India
State: – Maharashtra.
Pin Code: – 400 099.
Contact Details.
Phone No.: – 022-223388
Mobile No.: – 99000 22000
Fax No.: –
E-mail: – [email protected]
Website:-
Books & Financial Year Details.
Financial Year Begins from: – 1-4-2022
Books Beginning from: – 1-4-2022
Security Control.
Use Security Control: – No
Base Currency Information.
Base Currency symbol: – Rs.
Formal Name: – INR
Suffix Symbol to Amount: – No
Add Space between Amt & Symbol: – Yes
Show Amount in Millions: – No.
Number of Decimal Places: – 2
Word Representing amount after Decimal: – Paise
Number of Decimal Places for Amt in Words: – 2
Answer:
Introduction
When needed, Tally accounting software can provide financial statements. Any company can
utilize the software because its features are made on a standard basis. The accounting
transactions of a business can only be recorded if the business is set up using the Tally software
on a desktop or laptop. Every firm that is founded has a unique identity, just like every other
organization. The company name must be created with the financial year mentioned in the
company name, even if the same company is running. All the information pertinent to the
company is saved in a separate folder created in its name. Development of a company must be
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Question 2 Please find out following Numbers/Ratios from provided tally backup for the
Financial Year 2020-21 & 2021-22. . (Tally backup has been provided as a part of assignment
to solve this problem)
Particulars FY 2020-21 FY 2021-22
Working Capital ? 6,28,896.17
Cash-in-Hand ? ?
Bank Accounts ? 1,04,800.00
Sundry Debtors ? 8,33,250.00
Sundry Creditors 2,40,620.00 ?
Sales Accounts ? 28,82,000.00
Purchase Accounts 16,03,280.00 ?
Stock-in-Hand ? 73,336.17
Net Profit ? ?
Working. Capital
Turnover
4.81 ?
Inventory
Turnover
? 39.30
Current Ratio ? ?
Quick Ratio 2.92 : 1 ?
Debt/Equity Ratio ? 0.00 : 1
Gross Profit % 43.91 % ?
Net Profit % ? 1.94 %
Average monthly
Sales
? ?
Comparison with Previous %
Year
Sales Increase/Decrease ?
Purchase Increase/Decrease ?
Net Profit Increase/Decrease ?
https://adhocfilesngasce.s3.ap-south-1.amazonaws.com/academics/1678532071aYt4s.zip
How to run tally backup: Download the file using the link given in the question paper. Unzip
the folder, then you will find Tally backup in Zip format (file name 1002) then unzip file name
1002. Copy the Path of the folder where the folder ‘10002’ is placed. Paste (alt+ctrl+v) that
path in Company Info.>> Select Company>> Path
Answer:
Introduction
The tally accounting software is built with the intention of taking care of each and every aspect
of accounting-related work. One good example is data backup and restoration facilities. They are
extremely important to the process of managing data. The term “backup” refers to the process of
making a copy of the data at a specific day and time and storing it in many locations on the
computer so that it can be accessed at a later time. Anything that might occur to the data as well
as the financial data is crucial and cannot be lost or given to the competitors. The company will
be immediately impacted as a result of this. So, the primary worry of having data lost or

Question 3a
a) Please find out following Numbers/Ratios from provided tally backup for the Financial
Year 2020-21 & 2021-22. (Tally backup has been provided as a part of assignment to solve
this problem)
Particulars FY 2020-21
Amt (Rs.)
(%) FY 2021-22
Amt (Rs.)
(%)
Sales
Accounts
27,33,000.00 28,82,000.00
Cost of Sales 15,32,885.23 ? ? 58.97
Gross Profit 12,00,114.77 43.91 11,82,341.40 ?
Indirect
Expenses
? 30.27 11,26,410.00 39.08
Net Profit 3,72,964.77 ? 55,931.40 1.94
https://adhocfilesngasce.s3.ap-south-1.amazonaws.com/academics/1678532071aYt4s.zip
How to run tally backup: Download the file using the link given in the question paper. Unzip
the folder, then you will find Tally backup in Zip format (file name 1002) then unzip file name
1002. Copy the Path of the folder where the folder ‘10002’ is placed. Paste (alt+ctrl+v) that
path in Company Info.>> Select Company>> Path
Answer:
Introduction
The Tally backup data for the Financial Years 2020-21 and 2021-22 have been made available to
us as part of this assignment. The data consists of information regarding Sales Accounts, Cost of
Sales, Gross Profit, Indirect Costs, and Net Profit for both years. Moreover, the data includes
percentage values for some of these criteria. Calculating the missing values and ratios based on

Question 3b
Please Explain the use of below mentioned accounting vouchers. (5 Marks)
1. Contra.
2. Payment
3. Sales
Answer:
Introduction
Vouchers are used in accounting software to keep track of monetary transactions that have
occurred within an organization. They aid in keeping accurate and well-organized financial
records by acting as a digital record of financial transactions. Contra vouchers, payment
vouchers, and sales vouchers are all frequent occurrences