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WithoutBook LIVE Mock Interviews Tally Related interview subjects: 8

Interview Questions and Answers

Know the top Tally interview questions and answers for freshers and experienced candidates to prepare for job interviews.

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The Best LIVE Mock Interview - You should go through before interview

Know the top Tally interview questions and answers for freshers and experienced candidates to prepare for job interviews.

Interview Questions and Answers

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Freshers / Beginner level questions & answers

Ques 1

What is Tally ERP 9?

Tally ERP 9 is a popular accounting software used for business management and financial accounting.

Example:

Tally ERP 9 helps businesses with tasks such as accounting, inventory management, and payroll processing.
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Ques 2

How can you create a new company in Tally?

To create a new company in Tally, go to Gateway of Tally > Alt + F3 (Company Info) > Create Company.

Example:

Alt + F3 > Create Company > Enter Company details > Save
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Ques 4

How can you correct errors in Tally entries?

Errors can be corrected by using the 'Edit' option in Tally. Go to Display > Day Book > Select entry to edit.

Example:

Display > Day Book > Select entry > Click 'Edit' > Make corrections > Save
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Ques 5

What are the different voucher types in Tally?

Tally supports various voucher types such as Payment, Receipt, Contra, Sales, Purchase, and Journal.

Example:

You can create a Payment voucher using Accounting Vouchers > F5 (Payment).
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Ques 6

What is the purpose of the Tally 'Backup' feature?

Tally Backup is used to safeguard data by creating a copy of the company's data in a different location.

Example:

Gateway of Tally > F3 (Cmp Info) > Backup > Select company > Specify backup location > Backup
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Ques 7

How can you print reports in Tally?

To print reports, go to Gateway of Tally > Display > select the report > press 'Alt + P' to print.

Example:

Gateway of Tally > Display > Day Book > Alt + P > Select print settings > Print
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Ques 8

Explain the concept of TDS in Tally.

TDS (Tax Deducted at Source) in Tally involves deducting tax at a specified rate before making certain payments like salaries and vendor payments.

Example:

To record TDS entry: Accounting Vouchers > F6 (Receipt) > Select TDS ledger > Enter details > Save
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Ques 9

How can you handle credit management in Tally?

Credit management in Tally involves setting credit limits for parties and monitoring credit transactions.

Example:

To set credit limit: Gateway of Tally > Accounts Info > Ledger > Select party > Set Credit Limit > Save
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Ques 10

How can you handle reverse charge transactions in Tally?

Reverse charge transactions in Tally involve the recipient of goods or services paying the tax instead of the supplier.

Example:

To record a reverse charge entry: Accounting Vouchers > F7 (Journal) > Enter details > Save
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Ques 11

Explain the concept of 'Interest Calculation' in Tally.

Interest calculation in Tally allows users to calculate and track interest on overdue payments or outstanding amounts.

Example:

To set interest rates: Gateway of Tally > Accounts Info > Ledger > Set interest parameters > Save
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