PART C - TALLY ACCOUNTING SOFTWARE QUESTIONS

Answer All Questions from this Section

Section 1

Outline the processes of generating/viewing the following reports from Tally Accounting Software

i. Bank Book

ii. Purchase Register

iii. Journal Register

iv. Debit Note Register

v. Receivables Ledger

(1 mark for each process for a total of 5 Marks)

Section 2

Indicate the ledgers, vouchers and the double entry processes of entering the following transactions in Tally Accounting Software

i. Nana Kwame started Universal Solutions Business Limited with his personal cash of GHS60,000.00

ii. Universal Solutions Business Limited opened a current account with GCB Bank Limited with GHS40,000 cash

iii. Universal Solutions Limited paid for an office rent with GHS12,000 with a cheque

iv. Universal Solutions Limited bought office Furniture for GHS6,000, Computers for GHS12,000 and Office Equipment for GHS3,000 on credit from CompuGhana Ltd

v. Universal Solutions Limited received consultancy fees of GHS50,000 cheque from a client

(2 marks for each question for a total of 10 marks) (10 Marks)