Tally interview questions

Tally interview questions

There are a lot of opportunities for Tally candidates as there are many reputed companies in the world who recruit them. Whether you are a fresher or an experienced professional, the level of interview questions might be different as per experience in this field. Today the competition is severe and therefore to get selected for the job, you need to be perfect and confident while giving an interview. So to help you out in this we have provided some Tally interview question and answers, which shall make you confident while facing the panel. Apart from subject knowledge, your various other skills shall also be tested during an interview such as attitude, your approach towards solving the problem and body language thus pay attention to that too.

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Here is a list of Tally interview questions and answers that you must prepare before going for the interview:

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Tally interview questions

 To convert information in encrypted form to Tally ERP 9, we can utilize the function of Tally Vault. To utilize Tally Vault, we ought to go to the entryway of Tally and key in F3, at that point we can choose the organization for which we need to encrypt the information. Information will be encrypted to just those systems having a legitimate passcode, and people can see that encrypted information.

 It is just like the same as other accounting entry where there is more than one debt, more than one credit, or more than one of the two debits and credits. It is a combination of several basic journal entries.

In Tally ERP 9, there are two sorts of pre-characterized ledgers

Cash:This Ledger is made under the Group Cash in hand. You can enter the opening balance as on the date of books starting from. You can also modify the name and even erase the Ledger.

Profit and Loss Account: This Ledger is made under the Group Primary. Earlier year’s Profit or Loss is entered as the starting balance for this record. The balance entered here is dealt with as the opening profit/loss and appeared in a critical Balance Sheet as opening equalization of Profit and Loss account in the Liabilities side.

 We can utilize the shortcut method by pressing Ctrl+Alt+C on the keyboard to copy content and shortcut Ctrl+Alt+V to paste the copied content.

 To get back, the last line, which is deleted or removed is to use the Ctrl+U on the keyboard. This will get back our last deleted lines.

Balancing sheet in Tally ERP 9 shows two distinct segments with Liabilities and Assets. The asset report additionally shows the closing balances of all the essential groups and capital records along the net profit for the predetermined period as required by the association.

 Miscellaneous Assets are those assets, which are not covered under the analysis of fixed resources according to accounting standard misc assets which do not appear in the profit and loss account such as preliminary expenses, development expenses, and expenses used on raising of share and debentures.

 Sales Tax is one of the liabilities for the business. Consequently, it will be appeared on the liability side of the balance sheet yet before inserting sales tax in liability we need to have a look where sales tax appears in the trial balancing sheet.

 Standard drivers are designed and capable for printing: graphics, True Type fonts as illustrations and printer-resident fonts. Text drivers print just printer-resident styles.

A record that goes with a products shipment and records details about the good delivered. A delivery note clarifies what the content of a package is. If few products that were requested are not encased (because of the absence of stock, inaccessibility, and due to any other reason.), they will also be noted down on the delivery note.

10. Here are some of the features included in tally ERP9:

  • Credit Limits: The Credit Limit control set for a party ledger won’t be applicable on the sales order. An alert message or warning will pop up on the credit limit, and the client can still redeem the voucher.
  • CST: Even in the easiest format the CST form details entered in the invoice will get printed
  • Excise for Manufacturers: All analysis identified with purchasers and suppliers can be shown in the voucher also day by day stock can be kept up as per date wise, multi-items kinds and Tariff wise
  • Service Tax: Under account vouchers, the taxable sum, taxable percentage, and notification number will appear in the service tax details. Auto adjustment of service tax which is payable should be possible against service tax input credit.
  • Accounting Voucher: another kind of numbering feature is added to the voucher, it guarantees that the voucher is numbered consecutively.

Depreciation is that the value of an asset which decreases when it is being used.

Following are the types of depreciation:

  • Straight Line Method
  • Recorded Value Method

It is for the most linked with a recording of financial information identifying with the business tasks hugely and deliberately.

 To filter the data based on the financial value in Tally ERP 9, you can utilize the shortcut by pressing Alt+F12 on the keyboard.

 Tally ERP 9 is a product that holds its unique simplicity yet offers complete business functionalities, for example, Finance, Inventory, Accounting, Sales, Purchase, Manufacturing, Point of Sales, Costing, Payroll and Branch Management alongside abilities like Statutory Processes.