Last Updated: 24.04.2019
If you're looking for Tally Interview Questions for Experienced or Freshers, you are at right place. There are lot of opportunities from many reputed companies in the world. According to research, an average Salary figures for an Tally ERP will be $46,912 - $69,761. So, You still have opportunity to move ahead in your career in Tally. Mindmajix offers Advanced Tally Interview Questions 2018 that helps you in cracking your interview & acquire dream career as Tally.
Different editions with different prices
|Moderate (Approximately 2500 per year)|
Provides budgeting as one of the feature
|Financial Management||Supports Financial Management||Not supported|
|HR and Payroll||Completely supported||Cannot be done|
|Job costing and manufacturing||Yes||No|
|Quotation And Estimates||Yes||Yes|
Q: Explain Tally and its applications?
Tally is an accounting software used for performing various purpose like: -
Q: What is the difference between Tally ERP 9 and Tally 7.2?
Tally is a solution that integrates the essential functions related to accounting, reporting and inventory in any organizations. Tally ERP has included many features including Payroll management, TDS and other tax parameters.
Q: Mention what features are available in Tally ERP 9 for Accounting?
Tally ERP 9 offers the following benefits for any organizations: -
Q: What are the features integrated in Tally ERP 9?
Q: What is the pre-defined ledgers available in Tally ERP 9?
Q: Mention the types of the ledger that can be made in Tally ERP 9.
The types of the ledger that can be made in Tally ERP 9 are as follows:-
Q: Mention what is the shortcuts for Voucher Creation and Alteration Screen in Tally ERP 9?
Tally ERP 9, allows to create master (ledger, stock item) on the voucher by the shortcut Alt+C.
To modify any master item on a voucher, we have to select the specific ledger on the sales voucher screen and press Ctrl+Enter.
Q: Mention the shortcut to repeat the narration on a voucher.
For repeating the narration on any voucher we should press Ctrl + R.
Q: What is a group in Tally ERP 9?
Group is a compilation of ledgers of same nature. In any organization, operating costs like electric bills, telephone bill, conveyance, etc. are commonly included in groups. Ledger based on these expenses can be created to be used while accounting vouchers are entered. There are 28 Groups by default in Tally. ERP 9, out of which 15 are Primary Groups and 13 are subgroups.
Q: Mention the types of vouchers? Also give the shortcut for creating these vouchers?
Types of vouchers that can be created in Tally ERP 9 are: -
Q: Mention the shortcut to retrieve the last line which is removed in Tally ERP 9?
The shortcut to retrieve the last removed line is Ctrl+U.
Q: Mention the information preserved by Tally ERP 9 after creating a company.
Directory of Tally ERP 9 stores the path to the folder where the data will be stored.
Q: Mention what is the shortcut to recall the last narration saved for the first ledger in the voucher?
The short cut to recall the last narration stored for the first ledger in the voucher is Alt+R.
Q: Explain the setup process for an employee in Tally ERP 9 for their payroll?
For smooth processing of employees’ salaries, Tally ERP 9 give facility to create the required groups and classify into different categories like—Employee category, Employee groups and Employees.
Creating Employee group
Under employee group creation screen-> Select Primary Cost Category as the Category
Name the employee’s group as “Sales”
Select the group as “Primary”and then click on accept to finish with employee group creation
This is the way for Employee Group Selection.
Creating Employee Master:
Under employee master we can incorporate the information about the employees like constitutional details, passport & Visa, Appomitments Letters, etc.
Q: Explain trial balance and the process to check the trial balance in Tally ERP 9?
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 way to verify that the journal entries are correctly posted in the general ledger. In trial balance, the total of all debt balances should be equal the total of all the credit balances.
Q: Explain the default configuration of Tally ERP 9 provided for Balance Sheet?
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 specified period as required by the organization.
Q: How can the Books of Accounts in Tally ERP 9 be viewed?
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.
On the display menu, we have to press A to bring up the Accounts Books menu.
Q: Mention the options available in the Account Books Menu in Tally ERP 9?
Account Books Menu includes the following.
Q: What is the use of a statement of Inventory in Tally ERP 9?
The use of a statement of inventory is to view the information of Inventory based on Godowns. Tracking each and every single 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.
Q: Explain how you can view profit and loss statement in Tally ERP 9?
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.
Q: How can schedule VI profit & loss account be generated using an auditors edition of Tally ERP 9?
For generating the schedule - VI balance sheet using an auditor’s edition of Tally ERP 9, we need to go to the gateway of Tally - Audit & Compliance - Financial Statements - Profit & Loss account. Then, we should Press Ctrl+3 to load the previous year’s company to generate the Schedule VI profit & loss account with two year’s data.
Q: Mention the requirements to connect Tally ERP 9 remotely?
Tally ERP 9 has a very useful feature of remote connectivity for which we need to have the following system: -
|At Customer End||At Remote Location|
|Valid internet connection at Customer’s Premises||Valid internet connection|
|A licensed version of Tally ERP 9 with a Tally.NET subscription||A licensed version of Tally ERP 9|
|Create and authorize remote users for a company that has to be operated remotely||
A valid password and User ID to access the software
|For remote access load & connect the company to Tally.NET for remote access|
Q: What is the shortcut to select the credit not voucher in Tally ERP 9?
We should key in F8 (Cntrl+F8), which will enable us to select the credit note voucher in Tally ERP 9.
Q: What is the shortcut to duplicate a voucher and to add a voucher in Tally ERP 9?
We should use the shortcut keys Alt + 2 to duplicate a voucher.
We should use the shortcut keys Alt + A to add a voucher.
Q: What is the short cut to cancel a day book or list of vouchers in Tally ERP 9?
The short cut to cancel a day book or list of vouchers is ALT+X In Tally ERP 9.
Q: What is the short cut to filter the data based on the monetary value of almost all the report screens in Tally ERP 9?
To filter the data based on the monetary value on Tally ERP 9, we should use the short cut Alt+F12.
Q: Explain the features you can use to convert data to encrypted form in Tally ERP 9?
To convert data in encrypted form to Tally ERP 9, we can use the function of Tally Vault. To use Tally Vault we should go to the gateway of 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 valid password and persons can view those encrypted data.
Q: Mention what is the shortcut to select the purchase order voucher type?
Shortcut ALT+F4 is used to select the purchase order voucher type, at accounting and inventory voucher creation and alteration screens.
Q: How can text be copied from Tally?
We can use the shortcut Ctrl+Alt+C to copy text and shortcut Ctrl+Alt+V to paste the copied text.
Q: How can we check the organizations, statutory details?
We can use the shortcut Ctrl+Alt+B to check statutory details from any screen.
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