NIOS Class 10 Accountancy Chapter 17 Introduction to Tally

NIOS Class 10 Accountancy Chapter 17 Introduction to Tally Solutions to each chapter is provided in the list so that you can easily browse through different chapters NIOS Class 10 Accountancy Chapter 17 Introduction to Tally and select need one. NIOS Class 10 Accountancy Chapter 17 Introduction to Tally Question Answers Download PDF. NIOS Study Material of Class 10 Accountancy Notes Paper 224.

NIOS Class 10 Accountancy Chapter 17 Introduction to Tally

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Accountancy Chapter 17 Introduction to Tally, NIOS Secondary Course Accountancy Solutions for All Chapters, You can practice these here.

Introduction to Tally

Chapter: 17

Intext Questions 17.1

State the following sentences True or False: 

(i) Tally is an accounting hardware. 

Ans: False.

(ii) We can also maintain the record of inventory in Tally. 

Ans: True.

(iii) There is no provision of ‘outstation Report’ in Tally. 

Ans: False.

(iv) Tally provides the facility of Bank Reconciliation. 

Ans: True.

(v) Tally maintains all the primary books of accounts. 

Ans: True.

(vi) Tally provides a report for a particular date.

Ans: True.

Intext Questions 17.2

Multiple Choice Questions

(i) If we want to change the company profile than what command 

(a) Alter command. 

(b) Edit command. 

(c) Change command. 

(d) Create Company.

Ans: (b) Edit command.

(ii) For go on Features which short cut key will you use 

(a) F 1 

(b) F 12 

(c) F 11 

(d) F 3 

Ans: (c) F 11 

(iii) Which short cut key we will use for configure? 

(a) F 3 

(b) F 1 

(c) F 11 

(d) F 12 

Ans: (d) F 12

(iv) What short cut key we would use for Select and Shut Company? 

(a) F 1 

(b) F 2 

(c) F 3 

(d) F 12 

Ans: (a) F 1

(v) What short cut key we would use for Date and Period? 

(a) F 1 

(b) F 2 

(c) F 3 

(d) F 11

Ans: (b) F 2.

Terminal Exercise

1.  Define Tally.

Ans: Tally is accounting software that is designed to integrate and automate all your business transactions. Every business has various processes which can range from simple to complex. As your business grows, acquires new customers, and enters new markets, you need to maintain highly accurate and up-to-date accounting and inventory records. Accounting software, such as tally helps you to simplify, integrate, and streamline all your business transactions in an easy and cost-effective manner.

2. What do you mean by Tally ERP 9?

Ans: Tally ERP 9 is the latest version of Tally, which comes in various enhancements to make handling and processing of business transactions even easier and quicker. It can handle the accounts of more than one company simultaneously. It is very simple to use and allows you to enter data in various formats. 

3. Write any four features of Tally.

Ans: Main features of Tally are as under:

(i) It maintains all the primary books of accounts, like Cash Book and Bank Book. 

(ii) Tally maintains all registers like Purchase Register, Sales Register and Journal Registers. 

(iii) Tally maintains all statement of accounts like Balance Sheet, Profit and Loss A/c and Trial Balance, Cash Flow(In cash flow statement we see the flow of cash i.e. the inflow and outflow of the cash) Stock Statement(In stock statement we maintain the proper record of all inventory) and Ratio Analysis. 

(iv) A Tally can maintain ‘Outstation Reports’.

4. What are the basic hardware requirements configuration of Tally ERP 9?

Ans: Following is the list of basic hardware requirements to run Tally.ERP 9 on a computer system: 

Hardware Requirement	Configuration
Processer	Intel Pentium IV or Higher
Memory	256 MB RAM or more
Free Hard Disk	Space 40 MB minimum (excluding the data)
Monitor Resolution	Recommended 1024*768 pixels or higher

5. Explain in detail how the company is created in Tally.

Ans: To create a company in Tally. On the home page of Tally, the ‘Create Company’ option is available under the title ‘Company Info’.

(A) Select ‘Create Company’: If you’re starting a new company, select the option to create a new company. This option is usually found on the main screen or in the menu bar depending on the version of Tally you’re using.

(B) Company Creation Wizard: After selecting ‘Create Company’, Tally will open the Company Creation Wizard. This wizard guides you through the process of setting up your company profile and configuring initial settings.

Some important ones are discussed below: 

(i) Name: Type the name of the company you want to create. 

(ii) Mailing Name: The mailing name by default is the same as the name mentioned above. You can type some other mailing name of the company. 

(iii) Address: Type mailing address of the company. There is no limit on the number of lines used.

(iv) Maintain: In Tally, accounts can be maintained in a two different ways: 

(a) Accounts Only. 

(b) Accounts with inventory. 

In Accounts you can maintain Accounts only; there is no record of inventory. In second option we record all Accounts with all inventories. 

(v) Use Security Control: This option provides security control to your company accounts by offering a comprehensive password based access control.

After filing all the required information press enter. A new window will appear asking for confirmation. 

Accept? ‘Yes’/ No 

After pressing Ok or Enter Key your Company will be created.