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Tally Interview Questions and Answers

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pratibha sharma
Tally Interview Questions and Answers

If you are searching for Tally Interview Questions for Freshers or Experienced, you are at the right place. There are a lot of chances for many companies in the world. Tally Training in Chandigarh offers Advanced Tally Interview Questions 2019 that helps you in cracking your interview & acquire a dream career as Tally.

Read More : Auditing Process of Tally

Q1. Explain Tally and its applications?

Ans: Tally is accounting software used for performing various purposes like -

  • Performing all basic accounting functions of inventory management, 
  • Costing like jobs and other miscellaneous overheads
  • Administering payroll of Office Staff
  • Filing of tax returns, profit and loss statement, preparation of balance sheets, GST, trial balance, Fund flow statement, etc.
  • Helping in budgeting and variations in it.
  • Calculation of interest on outstanding amounts.
  • Synchronizing and managing data over different locations.

Q2. What is the difference between Tally ERP 9 and Tally 7.2?

Ans: Tally is a solution that incorporates the necessary functions associated to accounting, reporting, and inventory in any organizations. Tally ERP has consists of many features including Payroll management, TDS and other tax parameters.

Q3. Mention what attribute are feasible in Tally ERP 9 for Accounting?

Ans: Tally ERP 9 offers the following advantages for any organizations. -

  • Outstanding Management for better Finance Management
  • Cost/Profit Centers Management for better ledger maintenance. 
  • Invoicing of all dealers
  • Budget/Scenario supervision
  • Other features like Printing of checks, etc.

Q4. Mention the types of the ledger that can be made in Tally ERP 9?

Ans :         

  • Generating sales/purchase ledger.
  • Generating Income/Expense ledger.
  • Generating party ledger.
  • Generating bank account.
  • Generating tax ledger.
  • Generating current liabilities.

Q5. Mention what is the shortcuts for Voucher Creation and Alteration Screen in Tally ERP 9?

Ans: Tally ERP 9, allows to create master on the voucher by the shortcut Alt+C.

To change any item on a voucher, we have to select the particular ledger on the sales voucher screen and press Ctrl+Enter.

Q6. Which shortcut is used to repeat the narration on a voucher?

Ans: we should press Ctrl + R for repeating the narration on any voucher.

Q7. What is a group in Tally ERP 9?

Ans: Group is a collection of ledgers of the same nature. In any organization, operating costs such as electric bills, telephone bill, conveyance, etc. generally consist of in groups. Ledger based on these costs can be created to be utilized while accounting vouchers are entered. 

Q8. Mention the types of vouchers? Also give the shortcut for creating these vouchers?

Ans: Types of vouchers that can be created in Tally ERP 9 are: -

  • Contra Voucher - (F4)
  • Payment Voucher - (F5)
  • Receipt Voucher - (F6)
  • Journal Voucher - (F7)
  • Sales/Invoice Voucher - (F8)
  • Credit Note Voucher - (Cntrl+F8)
  • Purchase Voucher - (F9)
  • Debit Note Voucher - (Cntrl+F9)
  • Reversing Journals - F10
  • Memo Voucher - Cntrl+F10

Q9. Mention the shortcut to retrieve the last line which is removed in Tally ERP 9?

Ans: The shortcut to retrieve the last removed line is Ctrl+U.

Q10. Mention the information preserved by Tally ERP 9 after creating  a company?

Ans: Directory of Tally ERP 9 stores the path to the folder where the data will be stored.

Q11. To recall the last narration saved for the first ledger in the voucher which shortcut is used ?

Ans: The shortcut to recall the last narration stored for the first ledger in the voucher is Alt+R.

Q12. Explain trial balance and the process to check the trial balance in Tally ERP 9?

Ans: Trial Balance is mainly a synopsis of all the ledger balances and checks whether the mathematical accuracy and the information is right and balanced. It is a method to justify that the journal entries are accurately posted in the general ledger. In trial balance, the total of all debt balances should be equal the total of all the credit balances.

Q13. Explain the default configuration of Tally ERP 9 provided for Balance Sheet?

Ans: Balance Sheet in Tally ERP 9 displays two different columns with Liabilities and Assets.  The balance sheet also displays the closing balances of all the primary groups and capital accounts along with the net profit for the described period as needed by the organization.

Q14. How can the Books of Accounts in Tally ERP 9 be viewed?

Ans: To view the Books of Accounts on Tally ERP 9, we should press D at the entry of Tally ERP 9 to pull the Display menu.

Q15. Mention the options available in the Account Books Menu in Tally ERP 9?

Ans: Account Books Menu includes the following.

  • Bank Book (s)
  • Cash Book (s)
  • Ledger
  • Group Summary
  • Sales Register
  • Purchase Register
  • Journal Register

Q16. What is the use of a statement of Inventory in Tally ERP 9?

Ans: The use of a statement of inventory is to view the information on Inventory based on Godowns. Tracking every detail of items in the inventory, along with carrying on the stock and check the budget variations v/s forecasts, plans, statistics, etc. Inventory in Tally.ERP 9 works in the same way as its accounting part with regard to displaying, modifying and printing of reports.

Q17. Explain how you can view profit and loss statement in Tally ERP 9?

Ans: To view the profit and loss statement, we should press F1: Detailed which will display the data based on the default primary groups. With every transaction/voucher that has been entered instantly.

Q18. How can schedule VI profit & loss account be generated using an auditors edition of Tally ERP 9?

Ans: For generating the schedule - VI balance sheet utilizing an auditor’s edition of Tally ERP 9, we require to go to the gateway of Tally - Audit & Compliance - Financial Statements - Profit & Loss account. Then, we should Press Ctrl+3 to load the preceding year’s company to make the Schedule VI profit & loss account with two year’s data.

Q19. What is the shortcut to select the credit not voucher in Tally ERP 9?

Ans: We should key in F8 (Cntrl+F8), which will enable us to select the credit note voucher in Tally ERP 9.

Q20. What is the shortcut to duplicate a voucher and to add a voucher in Tally ERP 9?

Ans: We should utilize the shortcut keys Alt + 2 to duplicate a voucher.

We should utilize the shortcut keys  Alt + A to add a voucher.

Q21.What is the shortcut to cancel a day book or list of vouchers in Tally ERP 9?

Ans: The shortcut to cancel a day book or list of vouchers is ALT+X In Tally ERP 9.

Q22. What is the shortcut to filter the data based on the monetary value of almost all the report screens in Tally ERP 9?

Ans: To filter the data based on the monetary value on Tally ERP 9, we should use the shortcut Alt+F12.

Q23. Explain the features you can use to convert data to encrypted form in Tally ERP 9?

Ans: To convert data in encrypted form to Tally ERP 9, we can utilize the function of Tally Vault.  To utilize Tally Vault we should go to the gateway to Tally and key in F3, then we can select the company for which we want to encrypt the data. Data will be decrypted to only those systems having a valid password and persons can view those encrypted data.

Q24. What is the shortcut to select the purchase order voucher type?

Ans: To select the purchase order voucher type, at accounting and inventory voucher creation and alteration screens shortcut ALT+F4 is used.

Q25. How can text be copied from Tally?

Ans: We can utilize the shortcut Ctrl+Alt+C to copy text and shortcut Ctrl+Alt+V to paste the copied text.

Q26. How can we check the organizations, statutory details?

Ans: We can utilize the shortcut Ctrl+Alt+B to check statutory details from any screen.

If you want to learn more about Tally Interview Question and Answers then Tally Training in Chandigarh is the best place for you.




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