NIOS CLASS 10TH Accountancy (224) SOLVED TMA In English Medium PDF SESSION 2024 - 25

Which is Applicable for March/April & October/November 2025 Examination.

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Note -

➛ Total six questions are given by Nios in TMA. All questions have 2 options out of which one has to be selected. In this PDF, we have given you the answer of one option which is better so that your marks will be good.

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TMA Questions

1. Answer any one of the following questions in about 40- 60 words.

(a) Give two examples of business and non-business transactions each.

(b) “Accounting Equation remains intact under all circumstances” Justify this statement with the help of examples.

2. Answer any one of the following questions in about 40- 60 words.

(a) Discuss with your friends and list the past month's savings differentiating them into provisions and reserves giving proper reasons.

(b) "Whatever the business possesses in the form of assets is financed by proprietor or by outsiders." Justify the statement giving four appropriate examples.

3. Answer any one of the following questions in about 40- 60 words.

(a) Explore tally with your friend and write any four features.

(b) "Ledger is the Principal book of double entry accounting system while Journal is referred to as the book of original record. In the light of this statement differentiate between a Journal and a Ledger.

4. Answer any one of the following questions in about 100-150 words.

(a) Assuming that you are an owner of a grocery shop. Prepare a list of items purchased and sold for one week. Record all transactions in appropriate books of accounts.

(b) Discuss with two employees of any two organisations and explain how accounting is useful to them.

5. Answer any one of the following questions in about 100-150 words.

i. If a firm borrows a sum of money, what will be its effect on the Accounting Equation?
ii. Give two examples – one showing the effect only on assets and the other on
liabilities only.
Enter the following transactions in returns inward book of Balwant Singh. 2023 Sept. 07 Subhash and Sons, Kanpur returned goods being not according to sample Rs.12,000.
Sept. 18 Allowance claimed by Gandhi & Co., Delhi on account of mistake in the invoice Rs. 1,000.
Sept. 21 Goods sold to Hari Ram Gopi Chand, Mumbai and returned by him being defective in colour Rs. 1,800.
Sept. 28 Goods returned to us by Kamal & Bros., Kerala worth Rs. 1,500 less 10% trade
discount.

6. Prepare any one Project out of the given below.

a) The cash book shows a balance of Rs. 7,800. On comparing the cash book with pass book,
the following discrepancies were noted. Prepare a Bank Reconciliation Statement for the
following
. Cheque deposited in bank not credited, Rs.3,000.
. Cheque issued but not yet presented for payment, Rs. 1,500.
. Insurance Premium paid by the bank, Rs.2000.
. Bank interest credited by the bank, Rs.400.
. Bank charges, Rs.100.
. Directly deposited by customer, Rs. 4000

b) Discuss with your friend write the hardware requirement and important steps to open a Tally software. Create a company on Tally ERP 9.0. and attach printouts of the screen shots of the Company created.

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Most Important Facts relating to TMA:

➛ This assignment solution is based on the latest session 2024-25.
➛ The Last date of submission of this assignment is 31 January 2025 (For April examination).
➛ The Last date of submission of this assignment is 31 August 2025 (For Oct. examination).
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