TS Grewal Accountancy Class 11 Solution Chapter 22 Accounting Software Tally

Read TS Grewal Accountancy Class 11 Solution Chapter 22 Accounting Software Tally 2022-23. Students should study TS Grewal solutions class 11 Accountancy available on Studiestoday.com with solved questions and answers. These chapter-wise answers for class 11 Accountancy have been prepared by the teacher of Grade 11. These TS Grewal class 11 Solutions have been designed as per the latest accountancy syllabus for class 11 and if practiced thoroughly can help you to score good marks in standard 11 Accounts class tests and examinations.

Class 11 Accounts Chapter 22 Accounting Software Tally TS Grewal Solutions

TS Grewal Solutions for Chapter 22 Accounting Software Tally Class 11 Accounts have been provided below based on the latest TS Grewal Class 11 book. The answers have been prepared based on the latest 2022-2023 book for the current academic year. TS Grewal solutions class 11 will help students to improve their concepts and easily solve accountancy questions for class 11. Class 11 Grewal solutions should be revised regularly as more practice will help you get a better rank and easily solve more questions.

Chapter 22 Accounting Software Tally TS Grewal Class 11 Solutions

Question .1  What is ‘Group’ in Tally?

Answer  1.

Groups are collection of ledgers of the same nature. Account Groups are maintained to determine the hierarchy of Ledger Accounts which is helpful in determining and presenting meaningful and compliant reports. It is used for preparation of Financial Statements that is Profit and Loss Account and Balance Sheet. The Group behavior is classified into Capital or Revenue and more specifically into Assets, Liabilities, Income and Expenditure. The Groups ascertain whether the same will affect Profit and Loss Account which is revenue in nature or Balance Sheet which is capital in nature.

 

Question .2   How many types of vouchers are there in Tally?

Answer  2.

There are four types of vouchers in Tally as given below:

(i) Receipt: To record receipts of money by cash, cheque, bank transfers, etc.

(ii) Payment: To record payments of money by cash, cheque, bank transfers, etc.

(iii) Journal: To record all non-cash transactions (all accounting tractions not involving any cash or bank ledger).

(iv) Contra: To record transfer of funds between Cash and bank Accounts.

 

Question .3  What are the salient features of Tally?

Answer  3.

The salient features of Tally as given below:

(i) Simplicity: Accounting Software’s are easy to setup and simple to use. It also generates easy to understand Financial Report.

(ii) Speed: They are capable of generating instant and accurate reports, which assist the management in taking timely decisions.

(iii) Power: They are capable of maintaining accounts of multiple companies and with unlimited levels of classification and creating grouping capabilities.

(iv) Flexibility: They provide flexibility to generate instant reports for any given period or any point of time besides providing the facility to switch from accounting to inventory reports or to any other report of the same company or any other companies.

(v) Scalability: They normally suit any style of business needs and eliminate the necessity for a business to change its style of operation, in order to adopt to the application.

(vi) Real Time Processing: Accounting transactions are immediately posted and updated in the books of account on the tractions being recorded thereby facilitating instant statements and reports. They also have facilities of real-time multi-user environment.

 

Question .4   Name any four pre-defined primary groups in Tally?

Answer  4.

The following are four pre-defined primary groups in Tally.

1. Branch Division

2. Capital Account

3. Current Liabilities

4. Current Assets

 

Question .5   Write the name of pre-defined ledger in Tally?

Answer 5.

The following are the name of pre-defined ledger in tally:-

1. Capital Account

2. Profit and Loss Account

 

DK Goel Solutions Class 11 Accountancy Accounting Equations
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DK Goel Solutions Class 11 Accountancy Accounting Principles
DK Goel Solutions Class 11 Accountancy Accounting Software Package Tally
DK Goel Solutions Class 11 Accountancy Accounting Standards and International Financial Reporting Standards
DK Goel Solutions Class 11 Accountancy Accounts from Incomplete Records
DK Goel Solutions Class 11 Accountancy Bank Reconciliation Statement
DK Goel Solutions Class 11 Accountancy Basic Accounting Terms
DK Goel Solutions Class 11 Accountancy Bills of Exchange
DK Goel Solutions Class 11 Accountancy Books of Original Entry Cash Book
DK Goel Solutions Class 11 Accountancy Books of Original Entry Special Purpose Subsidiary Books
DK Goel Solutions Class 11 Accountancy Capital and Revenue
DK Goel Solutions Class 11 Accountancy Computerised Accounting System
DK Goel Solutions Class 11 Accountancy Depreciation
DK Goel Solutions Class 11 Accountancy Double Entry System
DK Goel Solutions Class 11 Accountancy Financial Statement
DK Goel Solutions Class 11 Accountancy Financial Statements With Adjustments
DK Goel Solutions Class 11 Accountancy Introduction of Accounting Information System
DK Goel Solutions Class 11 Accountancy Introduction to Computer
DK Goel Solutions Class 11 Accountancy Ledger
DK Goel Solutions Class 11 Accountancy Meaning and Objective of Accounting
DK Goel Solutions Class 11 Accountancy Origin of Transactions Source Documents of Accountancy
DK Goel Solutions Class 11 Accountancy Original Entry Journal
DK Goel Solutions Class 11 Accountancy Process and Bases of Accounting
DK Goel Solutions Class 11 Accountancy Provision and Reserves
DK Goel Solutions Class 11 Accountancy Rectification of Errors
DK Goel Solutions Class 11 Accountancy Trial Balance and Errors
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 13 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 13 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 14 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 15 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 16 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 17 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 18 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 19 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 20 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 21 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 22 Accounting Software Tally

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