What are the advantages of Tally? - Vidyadip

Question

What are the advantages of Tally?

✓

Answer

ADVANTAGES OF TALLY:Following are the advantages of Tally software:

The reports generated by Tally software are accurate and reliable.
It is very simple to use. A person with basic knowledge of accounts can easily operate it.
It does not matter that business is big or small. It can be adopted by any kind of business organisation.
Various reports can be generated very easily at any point of time.
It can store huge volume of transactions. It can manage not only one company but is also able to manage accounts of multiple companies.
Its security feature keeps the data confidential. The data is generally password protected and it facilitates data vault and data audit feature to secure the data.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "6 Marks Question" from Computerised Accounting System→Computerised Accounting System — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

From the following balances, prepare Final Accounts of M/s Mangal & Sons for the year ended $31^{st}$ March, 2019:
Opening Stock ₹ 12,500; Bills Receivable ₹ 2,000; Sales ₹ 70,000; Purchases ₹ 37,500; Creditors ₹ 20,000; Salaries ₹ 3,850; Insurance ₹ 200; Debtors ₹ 32,500; Carriage ₹ 1,450; Commission ₹ 750; Interest ₹ 900; Printing ₹ 250; Bills Payable ₹ 3,150: Returns In ₹ 1,300; Returns Out ₹ 500; Bank ₹ 5,250; Rent and Taxes ₹ 1,300; Furniture ₹ 1,000; Capital ₹ 7,100; Stock on $31^{st}$ March, 2019 ₹ 15,000.

Mr. Gopal Das has only a Bank Pass Book and does not keep any other books of accounts. From the following information prepare his Final Accounts for the year ended $31^{st} $ March, $2015.$ An analysis of the Pass Book shows: Total amount received from Debtors and deposited with the Bank $₹\ 2,20,000;$ Payment to Creditors $₹\ 1,82,000$; Salaries $₹\ 6,000;$ Rent paid $₹\ 4,800;$ Advertisement $₹\ 2,000;$ Printing $₹\ 800;$ Personal Expenses $₹\ 4,000;$ Payment for Furniture $₹\ 12,000;$ Balance at Bank on $31^{st}$ March, $2015, ₹\ 21,000.$ Other Assets and Liabilities were as follows:

Mr. Gopal Das takes $20\%$ profit on sales.

Tulsi started business on $1^{st}$April, $2016$ with a capital of ₹ 4,50,000. On $31^{st}$ March,$ 2017:$ her position was as under:

She owed ₹ $45,000$ to her friend Parvati on that date. She withdrew ₹ $8,000 $per month for household purposes. Ascertain her profit or loss for the year ended $31^{st}$ March,$ 2017:$

Show the treatment of the following in Final Accounts when given inside the Trial Balance.

Prepaid Expenses.
Depreciation.
Closing Stock.
Interest on Capital.
Commission received in advance.

What are the advantages of Tally?

Record the following transactions of Prabhat Electric Co., Delhi in the proper subsidiary books:

From the following balances, prepare Final Accounts of Mr. Bal Gopal:

Adjustments:

Stock on 31st March, 2018 was ₹ 10,000 and stationery unused at the end was ₹ 400.
Rent of Premises Sublet received in advance ₹ 100.
Provision for Doubtful Debts is to be created @ 10% on Debtors.
Provision for discount on Debtors is to be created @ 2%.
Stock of the Value of ₹ 4,000 was destroyed by fire on 25th March, 2018. Stock was purchased paying IGST @ 12%. A Claim of ₹ 3,000 has been admitted by Insurance Co.
Bank Loan has been taken at 12% p.a. interest.

From the following information, prepare Balance Sheet of a trader as at $31^{st}$ March,$ 2019:$ arranging the assets and liabilities:

In order of permanence.
In order of liquidity.

From the following balances, prepare Final Accounts of M/s Mangal & Sons for the year ended $31^{st} $March, $2019:$
Opening Stock ₹ $12,500$ Bills Receivable ₹ $2,000$ Sales ₹ $70,000$ Purchases ₹ $37,500$ Creditors ₹ $20,000$ Salaries ₹ $3,850$ Insurance ₹ $200$ Debtors ₹ $32,500$ Carriage ₹ $1,450$ Commission ₹ $750$ Interest ₹ $900$ Printing ₹ $250$ Bills Payable ₹ $3,150$: Returns In ₹ $1,300$ Returns Out ₹ $500$ Bank ₹ $5,250$ Rent and Taxes ₹ $1,300$ Furniture ₹ $1,000$ Capital ₹ $7,100$ Stock on $31^{st} $March, $2019 ₹ 15,000.$

Prepare Simple Cash Book from the following transactions of Simran, Delhi:

2019						₹
March 1					Simran commenced business with cash	65,000
March 3					Bought goods for cash, CGST and SGST paid @ 6% each	6,850
March 4					Paid cash to Mr. Mohan	950
March 6					Deposited in Bank	40,000
March 6					Paid for office furniture in cash, CGST and SGST paid @ 6% each	4,650
March 9					Sold goods for cash charged CGST and SGST @ 6% each	30,000
March 12					Paid wages in cash	1,200
March 13					Paid for Stationery, CGST and SGST paid @ 6% each	400
March 15					Sold goods for cash, charged CGST and SGST @ 6% each	25,000
March 17					Paid for miscellaneous expenses	450
March 19					Received cash from Mr. Trilok Chand	4,850
March 22					Purchased goods, CGST and SGST paid @ 6% each	2,500
March 22					Paid Salary	4,000
March 25					Paid rent, CGST and SGST paid @ 6% each	900
March 28					Paid electricity bill	350
March 29					Paid for advertising, CGST and SGST paid @ 6% each	400
March 31					Paid into bank	25,000