30 Asked Tally Interview Questions and Answers (2024)

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.

Ques 2. Explain the concept of double-entry in Tally.

Double-entry is a fundamental accounting concept where every transaction affects at least two accounts, ensuring the accounting equation remains balanced.

Example:

If you purchase inventory for cash, it increases the inventory account and decreases the cash account.

Ques 3. 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

Ques 4. Explain the voucher entry in Tally.

Voucher entry in Tally involves recording financial transactions, such as sales, purchases, payments, and receipts.

Example:

To record a sales voucher: Accounting Vouchers > F8 (Sales) > Enter sales details > Save

Ques 5. What is GST in Tally and how is it configured?

GST (Goods and Services Tax) is a consumption-based tax in Tally. Configure GST by going to Gateway of Tally > F11 (Features) > Statutory & Taxation.

Example:

Gateway of Tally > F11 > Statutory & Taxation > Set GST details > Save