Most Asked Tally Interview Questions and Answers
When you create a company in Tally ERP 9, what information does directory stores?
Directory in Tally ERP 9 specifies the path where the company data will be stored.
What is the short cut 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.
Explain how to set up an employee in Tally ERP 9 for their payroll?
To process employees’ salaries, Tally ERP 9 give facility to create the required groups and classify into different categories like—Employee category, Employee groups and Employees.
- Employee group creation:
- 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
- Employee Master:
- Under employee master you can include all the details about the employees like Statutory details, Pass-port & Visa Details, Contract details etc.
What trial balance is and how you check trial balance in Tally ERP9?
Trial Balance is basically a summary of all the ledger balances and checks whether the figures are correct and balanced. It is a way to confirm that the journal entries are correctly posted to the general ledger. In trial balance, the total of all debts balances should be equal the total of all the credit balances.
What is the default configuration Tally ERP 9 provides for Balance Sheet?
Balance Sheet in Tally ERP 9 will display two columns with Liabilities and Assets. The balance sheet displays the closing balances of all the primary groups or capital accounts and the net profit for the period.
Mention how you can view the Books of Accounts in Tally ERP 9?
To view the Books of Accounts
- You have to press D at the gateway of Tally ERP 9 to bring up the Display menu
- At the display menu, press A to bring up the Accounts Books menu
What are the options available in Account Books Menu in Tally ERP 9?
Account Books Menu include
- Bank Book (s)
- Cash Book (s)
- Group Summary
- Sales Register
- Purchase Register
- Journal Register
What does the statement of Inventory be used for?
Statement of inventory is used to view the reports on Inventory based on Godowns. Tracking details of items according to the inventory. Also, to query on stock and check out the budgets forecasts and plans, statistics, etc.
Explain in Tally ERP 9, how you can view profit and loss statement?
To view the profit and loss statement, click F1: Detailed and it will display the information based on the default primary groups. With every transaction/voucher that is entered is updated instantly.