Tally Interview
Tally Interview
Tally Interview
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: -
• Contra Voucher - (F4): It points the transfer of funds from a bank account to the cash
account or cash account to a bank account, or in a different bank account of different
banks.
• Payment Voucher - (F5): It explains the historical payments on each account like
payment of salary, rental, etc.
• Receipt Voucher - (F6): Describes the transactions that relate to payments received.
• Journal Voucher - (F7): It maintains the expenses to maintain the organization’s running
costs.
• Sales/Invoice Voucher - (F8): This voucher describes the sales made, it displays the
sale invoice
• Credit Note Voucher - (Cntrl+F8): Entry to this voucher is made when a customer
returns the products which wasn’t correctly dispensed.
• Purchase Voucher - (F9): Voucher made for items purchased for running the business
like raw materials, etc.
• Debit Note Voucher - (Cntrl+F9): Voucher for keeping records when goods are returned
to suppliers due to damage goods.
• Reversing Journals - F10: It is a special entry that gets automatically reversed after the
date of the issue.
• Memo Voucher - Cntrl+F10: This voucher marks the unknown expense at a moment of
time which can be converted to actual sale voucher, or can be deleted.
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 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.
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.
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: 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: 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.