Top 30 Tally interview questions

1) Explain what is Tally and where it can be used?

Tally is a software for accounts and inventory management, which is used for performing
many functions like

Performing all basic accounting functions

Estimating job costing

Storing details and managing inventory items

Managing payroll

Filing tax return, managing profit, and loss statement, preparing a balance sheet, VAT
forms, trial balance, cash-flow report, etc.

Maintaining budget scenarios

Calculating interest on the outstanding amount

Managing data over different locations and synchronize it

2) Mention what is the difference between Tally ERP 9 and Tally 7.2?
Tally 7.2

It is an integrated solution that

provides a function related to
accounting, reporting and inventory

Tally ERP 9

It is an upgraded version of Tally

7.2, and provides many features like
TDS, Payroll management, Excise

for dealers, etc.

This version includes VAT (Value

Added Tax) functionality, Licensing
and Tax deduction at source

It is widely used because of

simplifying VAT, Service Tax and
TDS formalities

It provides two licensing, Single

User Licensing and Multi User
Licensing

This version includes handling of

POS invoicing, Statutory and
Taxation, Payroll, Multi-lingual
support, etc.

It is more popular because of

providing advanced inventory
management and simplifying
accounting

It is available in two edition Tally

Silver (Single User Edition) and
Tally Gold (Multi-User Edition)

3) Mention what features are available in Tally ERP 9 for Accounting?

For Accounting Tally ERP 9 offers

Outstanding Management

Cost/Profit Centers Management

Invoicing

Budget/Scenario Management

Other features like Cheque Printing, etc.

4) Mention what are the functional enhancement or features included into Tally ERP 9?

E-mailing option: Users can send accounting reports to multiple recipients along
with an additional facility like Net-banking and Printing in various format is provided.

Accounting Voucher: A new type of numbering feature is added to the voucher, it

ensures that the voucher are numbered sequentially

Print Bank Transaction Details: It provides an option to take the print of bank
details on formal receipt

Credit Limits: The Credit Limit control set for a party ledger will not be applied on
sales order. A warning or alert message will pop up on the credit limit, and user can
still save the voucher

CST: Even in a simple format the CST form details entered in the invoice will get
printed

Excise for Manufacturers: All details related to buyers and suppliers can be
displayed in the voucher also daily stock register can be maintained according to date
wise, multi items types and Tariff wise

Inventory Vouchers: For inventory section, you can now mention the Godown
address and also print the name

Payroll: New TALLY ERP 9, enables processing of salary according to the National
Pension Scheme

Service Tax: Under journal vouchers, the taxable amount, taxable percentage and
notification number will be showed in the service tax details. Auto adjustment of
service tax payable can be done against service tax input credit and cenvat

VAT Option: Recording multiple items with different VAT rates is possible by
configuring the setting of Default Accounting Allocations for Selected Item In
Invoice.

Tax Audit: Form like 3CB, 3CD and 3CA have been updated as per the requirements
of CBDT

XBRL: The document is constrained to only those companies that have the nature of
the report set to consolidated

5) Mention what are the two pre-defined ledger available in Tally ERP 9?
In Tally ERP 9, there are two types of pre-defined ledgers
o Cash: Under the group Cash-in-hand this ledger is created, you can enter the
opening balance as on the books beginning from.
o Profit and Loss Account: This ledger is created under the group Primary. In
this ledger, previous years profit or loss is entered as the opening balance of
this ledger.

6) Mention what are the types of ledger you can make in Tally ERP 9?

The types of ledger you can make in Tally ERP 9 are

Creating a sales/purchase ledger

Creating an Income/Expense ledger

Creating a party ledger

Creating bank account

Creating a tax ledger

Creating a current liabilities

7) Mention what is the shortcuts for Voucher Creation and Alteration Screen in Tally
ERP 9?
For Tally ERP 9, to create any master (ledger, stock item) on the voucher or alteration screen,
you have to enter Alt+C.
To alter or configure any master item on a voucher, you have to select specific ledger or stock
item on the sales voucher screen and press Ctrl+Enter.
8) Mention what is the shortcut to repeat the narration on a voucher?
To repeat the narration on a voucher, press Ctrl+R.
9) Explain what is group in Tally ERP 9?
Group is a collection of ledgers of the same nature. In the business, expenses like electric
bills, telephone bill, conveyance, etc. are commonly included in groups. Ledger based on
these expenses are created to be used while accounting vouchers are entered.
10) Mention what are the types of Tally ERP 9 vouchers? Also give the shortcut for
creating this vouchers?
Types of Tally ERP 9 vouchers include

Contra Voucher->( F4 ) : It indicates the transfer of funds from bank

account to the cash account or cash account to bank account, or one
bank to another bank account

Payment Voucher->( F5) : It describes payment histories like

payment of salary or office rental

Receipt Voucher->(F6) : This voucher describes any transaction that

involves the receipt like payment made to the bank

Journal Voucher->(F7) : It includes the expenses to maintain the

business or company running like expenses made after marketing

Sales/Invoice Voucher->(F8) :This voucher describes the sales made,

it displays the sale invoice

Credit Note Voucher->(Cntrl+F8): Entry in this voucher is made in

when customer returns some items due to incorrectly dispensed

Purchase Voucher->(F9) : Entry in this voucher is made when any

item is purchase for running the business

Debit Note Voucher->(Cntrl+F9) : Entry in this voucher is made

when goods are sent back to the suppliers due to damage or goods
expired

Reversing Journals->F10 : It is special journal entry that is

automatically reversed after the date of the journal

Memo Voucher->Cntrl+F10: Entry in this voucher is made to display

the unknown expense at that moment of time and can be converted to
actual sale voucher, or it can also be deleted.

11) Mention what is the short cut to retrieve the last line which is removed in Tally ERP
9?
To recover the last line which is removed, short cut used is Ctrl+U.
12) Mention 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.
13) Mention 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.
14) 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 likeEmployee category, Employee groups and Employees.
1. Employee group creation:

Under employee group creation screen-> Select Primary Cost

Category as the Category

Name the employees group as Sales

Select the group as Primaryand then click on accept to finish with

employee group creation

2. Employee Master:

Under employee master you can include all the details about the
employees like Statutory details, Pass-port & Visa Details, Contract
details etc.

15) Explain 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.
16) Explain 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.
17) 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

18) Mention what are the options available in Account Books Menu in Tally ERP 9?

Account Books Menu include

Bank Book (s)

Cash Book (s)

Ledger

Group Summary

Sales Register

Purchase Register

Journal Register

19) 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.
20) 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.
21) Explain how you can generate schedule VI profit & loss account using auditors
edition of Tally ERP 9?
Using auditors edition of Tally ERP 9, the schedule-VI balance sheet can be generated. For
that

Go to the gateway of Tally ->Audit & Compliance->Financial

Statements->Profit & Loss account

Press Ctrl+3 to load the previous years company to generate the

Schedule VI profit & loss account with two years data

22)Mention what are the requirements to connect Tally ERP 9 remotely?

Remote connectivity for Tally ERP 9 is very useful feature, to connect remotely you have
At the Customer end

Valid internet connection

A licensed version of Tally ERP 9

At the remote location

Valid internet connection

with a Tally.NET subscription

Create and authorize remote users

for a company that has to be
operated remotely
For remote access load & connect
the company to Tally.NET for
remote access

A licensed version of Tally ERP 9

A valid password and User ID to

access the software

23) Mention what is the short cut to select the credit note voucher in Tally ERP 9?
Press on F8 (cntrl+F8), it enables you to select the credit note voucher in Tally ERP 9.
24) What is the shortcut to duplicate a voucher and to add a voucher in Tally ERP 9?

To duplicate a voucher: use short cut keys Alt+2

To add a voucher: use short cut keys Alt+A.

25) What is the short cut to cancel a day book or list of vouchers in Tally ERP 9?
In Tally ERP 9, short cut to cancel a day book or list of vouchers is ALT+X
26) What is the short cut to filter the information based on the monetary value all most
from all report screens in Tally ERP 9?
To filter the information based on the monetary value in Tally ERP 9, you can use the short
cut Alt+F12.
27) Explain what features you can use to convert data in encrypted form in Tally ERP9?
To convert data in encrypted form in Tally ERP 9, you can use function Tally Vault. To use
Tally Vault you to go to the gateway of Tally and press F3 and there you can select the
company for which you want to encrypt the data. Only persons having valid password can
view those encrypted data.
28) Mention what is the shortcut to select the purchase order voucher type?
To select the purchase order voucher type, at accounting and inventory voucher creation and
alteration screens, you can short cut as ALT+F4.
29) How can you copy text from Tally
You can use the shortcut Ctrl+Alt+C to copy text and shortcut Ctrl+Alt+V to paste text
30) How can you check company statutory details?

You can use the shortcut Ctrl+Alt+B to check statutory details from any screen.

Top 88 Accounting Interview Questions

1) Why did you select accounting as your profession?

Well, I was quite good in accounting throughout but in my masters, when I got distinction I
decided to adopt this field as a profession.
2) Do you have any professional experience of this field?
Yes, I have worked as an accountant at two different places.
3) Did you use accounting applications at your previous companies or prefer working
manually??
Yes, I have used Advanced Business Solutions and AME Accounting Software in my
previous jobs.
4) Can you name any other accounting application?
Yes, I am familiar with CGram Software, Financial Force, Microsoft Accounting
Professional, Microsoft Dynamics AX and Microsoft Small Business Financials.
5) Which accounting application you prefer most and why?
I think all are good though but Microsoft Accounting Professional is best because it offers
reliable and fast processing of accounting transactions that saves time and increases
proficiency.
6) What is the abbreviation for the accounting terms debit and credit?
Debit abbreviation is dr and credit abbreviation is cr.

7) How many types of business transactions are there in accounting?

There are two types of transactions in accounting i.e. revenue and capital.
8)

What is balance sheet?

It is a statement that states all the liabilities and assets of the company at certain point.
9)

Have you ever heard about TDS, what it is?

Yes, TDS abbreviates Tax Deduction at Source.

10)

In balance sheet, where do you show TDS?

It is shown on the assets section, right after the head current asset.
11)

Do you have any idea about Service Tax or Excise?

It is a kind of hidden tax that is included in the service provided by the service provider and
paid by the service receiver.
12)

Do you think there is any difference between inactive and dormant accounts?

Yes, both are different terms in accounting. Inactive accounts means that accounts have been
closed and will not be used in future as well. While, dormant accounts are those that are not
functional today but may be used in future.
13)

What is tally accounting?

It is the software used for accounting in small business and shops for managing routine
accounting transactions.
14)

How can you define departmental accounting?

It is a type of accounting in which separate account is created for departments. It is managed

separately as well as shown independently in the balance sheet.
15) Define fictitious assets?

These are the assets that cannot be shown or touch. Fictitious assets can only be felt such as
good will, rights etc.
16) By saying, perpetual or periodic inventory system; what do we mean?
In the first one i.e. the perpetual inventory system, the accounts are adjusted on continual
basis. In the periodic inventory system, the accounts are adjusted periodically.
17) In accounting, how do you define premises?
Premises refer to fixed assets that are shown in the balance sheet.
18) In accounting, VAT abbreviates what?
VAT means Value Added Tax.
19) Do you possess any knowledge about accounting standards?
Yes, as per my knowledge there are total 33 accounting standards published so far by ICAI.
The purpose of these standards is to implement same policies and practices in any country.
20) What is ICAI?
It is the abbreviation of Institute of Chartered Accountants in India.
21) How can you explain the basic accounting equation?
We know that accounting is all about assets, liabilities and capital. Therefore, the accounting
equation is:
Assets = Liabilities + Owners Equity.
22) Define Executive accounting?
It is a type of accounting that is specifically designed for the business that offers services to
users.
23) Define Public accounting?
Public accounting offers audits and CPAs to review company financial records to ensure
accountability. It is for general public.
24) What is a CPA?
CPA stands for Certified Public Accountant. To become a CPA, one should have to do many
other qualifications as well. It is a qualification with 150 hour requirement; it means that one
should complete 150 credit hours at any accredited university.
25) What do you think is bank reconciliation statement?

A reconciliation statement is prepared when the passbook balance differs from the cashbook
balance.
26) Differentiate Public and Private Accounting?
Public accounting is a type of accounting that is done by one company for another company.
Private accounting is done for your own company.
27) What is project implementation?
Project implementation involves six steps in total such as:

Identify Need

Generate and Screen Ideas

Conduct Feasible Study

Develop the Project

Implement the Project

Control the Project

28) Do you think Accounting Standards are mandatory and why?

Yes, I do believe that accounting standards play a very important role to prepare good quality
and accurate financial reports. It ensures reliability and relevance in financial reports.
29) Can you name different branches of accounting?
There are three branches of accounting named as Financial Accounting, Management
Accounting and Cost Accounting.
30) Differentiate Accounting and Auditing?
Accounting is all about recording daily business activities while auditing is the checking that
whether all these events have been noted down correctly or not.
31) Define dual aspect term in accounting?
As the name implies, the dual aspect concept states that every transaction has two sides. For
example, when you buy something, you give the cash and get the thing. Similarly, when you
sale something, you lose the thing and gets the money. So this getting and losing is basically
two aspects of every transaction.
32) What do we mean by purchase return in accounting?

It is the term introduced in the records for every defective or unsatisfactory good returned
back to its supplier.
33) Define the term material facts in accounting?
Material facts are the bills or any document that becomes the base of every account book. It
means that all those documents, on which account book is prepared, are called material facts.
34) Have you ever prepared MIS reports and what are these?
Yes, I have prepared few MIS reports during my previous jobs. MIS reports are created to
identify the efficiency of any department of a company.
35) Define companys payable cycle?
It is the time required by the company to pay all its account payables.
36) Define retail banking?
It is a type of banking that involves a retail client. These clients are the normal people and not
any organizational customers.
37) How much mathematics knowledge is necessary or required in accounting?
Not much knowledge but basic mathematical background is required in accounting for
operations like addition, subtraction, multiplication and division.
38) Define bills receivable?
All types of exchange bills, bonds and other securities owned by a merchant that is payable to
him are said as bills receivable.
39) Define depreciation and its types?
By depreciation we mean that a value of an asset is decreasing as it is in use. It has two types
such as Straight Line Method and Written Down Value Method.
40) Differentiate between consignor and consignee?
Consigner is the owner of the goods or you can say he is the person who delivers the goods to
the consignee. The consignee is the person who receives the goods.
41) Define balancing in accounting?
Balancing means to equate both sides of the T-account i.e. the debit and credit sides of a Taccount must be equal/balanced.
42) How much statistics knowledge is necessary or required in accounting?

You must be very good at statistics if you want to do well in accounting. Otherwise, with
minimum knowledge you cannot manage your day to day transactions effectively in
accounting.
43) Define Scrap value in accounting?

It is the residual value of an asset. The residual value is the value that any asset holds after its
estimated life time.
44) Define Marginal Cost?
Suppose you have to produce an additional unit of output. The estimated cost of additional
inputs to produce that output is actually the marginal cost.
45) Define Partitioning in accounting?
It is a kind of groups made on the basis of same responses by a system.
46) Differentiate between provision and reserve?
Provisions are the liabilities or the anticipated items such as depreciation. You can say
provisions are expenses. Reserves are the profits of any company and a part of that profit is
placed back to the business to keep it sustainable in tough times of a company.
47) Define Offset accounting?
Offset accounting is one that decreases the net amount of another account to create a net
balance.
48) Define overhead in terms of accounting?
It is the indirect expenditure of a company such as salaries, rent dues etc.

49) Define trade bills?

We know that all types of transactions need to be documented. The trade bills are the
documents, generated against each transaction.
50) Define fair value accounting?
As per fair value accounting, a company has to show the value of all of its assets in terms of
price on balance sheet on which that asset can be sold.
51) Explain what is compound journal entry?
A compound journal entry is just like other accounting entry where there is more than one
debit, more than one credit, or more than one of both debits and credits. It is essentially a
combination of several simple journal entries.
52) What are the accounting events that are frequently involved in compound entries?
The accounting events that are frequently involved in compound entries are;

Record multiple line items in a supplier invoice that address to different expenses

Record all bank deductions associated to a bank reconciliation

Record all deduction and payments related to a payroll

Record the account receivable and sales taxes related to a customer invoice

53) Mention the types of accounts involved in double entry book-keeping?

Double entry book-keeping involves five types of accounts,

Income accounts

Expense accounts

Asset accounts

Liability accounts

Capital accounts

54) Mention what are the rules for debit and credit for different accounts to increase the
amount in your business accounts?
The rules for debit and credit for different accounts,

for a capital account, you credit to increase it and debit to decrease it

for an asset account, you debit to increase it and credit to decrease it

for a liability account, you credit to increase it and debit to decrease it

for an expense account, you debit to increase it, and credit to decrease it

for an income account, you credit to increase it and debit to decrease it

55) List out the Stages of Double Entry System?

Recording of transactions in the journal

Posting of journal entry in to the respective ledger accounts and then preparing a trial
balance

Preparing final accounts and closing of books of accounts

56) Mention what is the disadvantage of double entry system?

The disadvantage of double entry system,

If there is any compensatory errors, it is difficult to find out by this system

This system needs more clerical labour

It is difficult to find the errors if the errors are in the transactions recorded in the
books

It is not preferable to disclose all the information of a transaction, which is not

properly recorded in the journal

57) Mention what is General ledger account?

The General ledger account is an account where the company records all the information for
its various expenses and income types into separate accounts. Such that all the debits and
credits pertaining to that particular type of transaction can be entered in one place and kept
balanced.
58) What is the general classification of accounts that usually ledger account involve?
The general classification of accounts that usually ledger account involves are

Assets- Cash, Accounts Receivable

Liabilities- Accounts Payable, Loans Payable

Stockholders equity- Common Stock

Operating revenues- Revenues through Sales

Operating expenses- Rent Expense, Salaries Expense

Non-operating revenues and gains- Investment Income, gain on Disposal of

Equipment

Non-operating revenues and losses- Interest Expense, Loss on Disposal of Equipment

59) Mention what are things will not be included in bank reconciliation statement?
In a bank reconciliation statement, following thing can be excluded.

Direct payments made by bank not entered in Cash book

Cheques deposited but not cleared

Cheques dishonoured not recorded in cash book

Wrong debits given by bank

Bank Charges or Interst debited by bank

Banks direct payment not entered in Cash book

60) Under the accrual basis of accounting, when revenues are reported in the accounting
period?
When service or goods have been delivered, then revenues are reported in the accounting
period.
61) Under what type of account does the unearned revenues fall?
The unearned revenues falls under Liability account.
62) Mention whether the account Cash will be credited or debited, when a company
pays a bill?
The account Cash will be credited when a company pays a bill.
63) Mention what is assets minus liabilities?
Assets minus liabilities is equal to owners equity or stockholders equity.
64) Entries to revenues accounts such as Service Revenues are usually?
Entries to revenues accounts such as Service Revenues usually goes into credit side.

65) Explain what is the difference between accumulated depreciation and depreciation
expense?
The difference between accumulated depreciation and depreciation expense is that

Accumulated depreciation: It is the total amount of depreciation that has been taken
on a companys assets up to the date of the balance sheet

Depreciation expense: It is the amount of depreciation that is reported on the income

statement. Basically, it is the amount that corresponds only to the period of time
indicated in the heading of the income statement.

66) List out some of the examples for liability accounts?

Some of the examples for liability accounts

Accounts Payable

Accrued Expenses

Short-term Loans Payable

Unearned or Deferred Revenues

Installment Loans Payable

Current Portion of Long-term Debt

Mortgage Loans Payable

67) Explain how you can adjust entries into account?

To adjust entries into account, you can sort entries into five categories.

Accrued expenses: Expenses have been incurred but the vendors invoices are not
generated or processed yet

Accrued revenues: Revenues have been earned but the sales invoices are not
generated or processed yet

Deferred revenues: Money was received in advance of having been paid or earned

Deferred expenses: Money was paid for a future expense

Depreciation expense: An asset purchased in one period must be allocated to expense

in each of the accounting periods of the assets useful life

68) Explain what a deferred asset is and give an example?

A deferred asset refers to a deferred debit or a deferred charge. An example of a deferred

charge is bond issue costs. These costs involves all of the fees or charges that an organization
incurs in order to register and issue bonds. This fees are paid in a near time when the bonds
are issued but it will not be expensed at that time.
69) Mention what is Bank Reconciliation?
A bank reconciliation is a process done by a company to ensure that the companys records
(check register, balance sheet, general ledger account, etc.) are correct and that the banks
records are also correct.
70) Mention what is deposit in transit?
A deposit in transit is a checks and cash that have been received and recorded by an entity,
but which have not yet been entered in the records of the bank where the funds are deposited.
71) Explain what is an over accrual?
An over accrual is a condition where the estimate for an accrual journal entry is too high.
This estimate may apply to an accrual of expense or revenue.
72) Mention what is account receivable?
A short term amounts due from buyers to a seller, who have purchased goods or services from
the seller on credit is referred as account receivable.
73) Explain what are the activities that includes in Cash Flow Statement?
The cash flow statement showcase the cash generated and used during the year or months.
Various activities that are involved for the Cash Flow are

Operating activities business activities accounting to cash

Investing activities sale and purchase of equipment or property

Financial activities- purchase of stock and own bonds

Supplemental information- exchange of significant items that dont involve cash

74) Mention what happens to companys Cash Account if it borrows money from the
bank by signing a note payable?
Due to double entry, the cash account will increase as such the liability account increases.
75) Mention which account is responsible for interest payable?
Account which is responsible or affected by the interest payable is Current liability account
76) Mention what is reversing journal entries?

Reversing journal entries are entries made at the beginning of an accounting period to cancel
out the adjusting journal entries made at the end of the previous accounting period.
77) Mention where do generally accruals appear on the balance sheet?
Accrued expenses usually tend to be extremely short-term. So you would record them within
the current liabilities section of the balance sheet.
78) List out some of the accrued expenses and the accounts in which you would record
them?

Wage accrual is entered with a credit to the wages payable account

Interest accrual is entered with a credit to the interest payable account

Payroll tax accrual is entered with a credit to the payroll taxes payable account

79) Deferred taxation is a part of which equity?

Deferred taxation is a part of owners equity.
80) Mention what does the investment of personal assets by the owner will do?
The investment of personal assets by the owner will increase total assets and increase owners
equity.
81) What is the equation for Acid-Test Ratio in accounting?
The equation for Acid-Test Ratio in accounting

Acid-Test Ratio = (Current assets Inventory) / Current Liabilities

82) List out things that fall under intangible asset?

Things that fall under intangible asset are,

Patents

Copyrights

Trademarks

Brand names

Domain names, and so on.

83) Mention what is trial balance in accounting?

In accounting, trial balance is an accounting report that lists the balances in each of an
organizations general ledger accounts. This is done at the end of posting journal entry to
ensure that there are no posting errors.
84) Where a cash discount should be recorded in journal entry?
A cash discount should be recorded in journal entry as a reduction of expense in cash
account.
85) Mention why some asset accounts have a credit balance?
Some asset accounts have a credit balance due to following reasons,

Receiving and posting an amount that was higher than the recorded receivable

Expenses occurred faster than the agreed upon prepayments

An error caused by posting an amount to a wrong account

The amount of checks written exceeded the positive amount in the Cash account

Continuing to amortize or depreciate an asset after its balance has reached zero

86) Define what is Bad debt expense?

A Bad debt expense is the amount of an account receivable that is considered to NOT be
collectible.
87) Explain what is the Master Account?
A Master Account has subsidiary accounts. A master account receivable could be anything, it
could be account receivable for various individual receivable accounts.
88) Mention in which account does the unpresented cheque will get recorded?
The unpresented cheque will get recorded as a credit to the cash account in the companys
General ledger.
TALLY

1. Tally package is developed by

a. Peutronics
b. Tally solutions
c. Coral software
d. vedika software

Ans: B
2. Company Restore option is available in
a. Company Feature
b. Company Information
c. Configuration
d. None of these
Ans: B
3. in general thje financial year from shall be from
a. 1st April of any year
b. 31st March of any year
c. All of them are true
d. None of these
Ans : A
5. we can Modify an existing company from
a. Company info > Alter
b. Company info> Alter Company
c. Geteway of tally > Modify company
d. None of these
Ans: A
6. To change current date from gateway of tally press the key
a. F1
b. F5
c. F2
d. F9
Ans: C
7. Part account can be created through
a. Group creation window
b. Ledger creation window
c. Inventory creation window
d. Any on of them
Ans: B
8. A Ledger may get declaration space for its Alias through
a. F12
b. F11
c. Alt+F1
d. ALt+F2
Ans: A
9. F12 key is Known as
a. Company feature
b. Company Configuration

c. Accounting Feature
d. None of these
Ans: B
10. What is the utility of Tally Vault Password?
a. it will lock the period of company
b. it will lock all voucher entries for that company
c. It will no show the company name in the Company Select List.
d. None of these
Ans: C
11. We can show bill wise details of debtors and creditor by activating
a. Bill by bill
b. Maintain bill wise details
c. Maintain reference
d. None of these
Ans: B
12. The shortcut key to quit from tally is
a. Ctrl +L
b. Ctrl +P
c. Ctrl +M
d. Ctrl +Q
Ans: D
13. A Ledger can't be deleted if it is caring Opening Balance
A. True
b. False
Ans: A
14. How many inbuilt account group are in tally by default?
a. 29
b. 31
c. 25
d. 34
Ans: A
15. The shortcut used to activate calculator is
a. Ctrl +N
b. Ctrl +M
c. Ctrl +A
d. Ctrl + C
Ans: A
16. Suspense Account Group is defined under
A. Income
b. Expenditure

c. Liabilities
d. Assets
Ans: A
17. To activate MRP feature from Geteway of Tally initially we need to press
a. F11
b. F12
c. F10
d. None of these
Ans: A
18. Manufacturing Journal creates based on
a. Journal
b. Receipt Note
c. Stock Journal
d. Purchase Quotation
Ans: A
19. To activate job Costing which option require to be activated
a. Maintain Cost Center
b. Use Cost Center for Job Costing
c. Both a & b
d. None of these
Ans: B
20. Multiple Godowns are activated from
a. F11
b. F11> F1
c. F11 > F2
d. F11 > F3
Ans: C
21. There are .............................. Predefined Ledger
a. One
b. Three
c. Two
d. Four
Ans: C
22. To print a voucher from tally we need to press
a. Ctrl +p
b. Shift +P
c. Alt +P
d. None of these
Ans: C
23. We can see working capital figure changing

a. Voucher Configuration
b. Profit & Loss configuration
c. Balance sheet Configuration
d. Ledger Configuration
Ans: A
24. Input vat / Output vat Ledger Created under which account ?
a. Duties & Taxes
b. Sales
c. Purchase
d. Vat
Ans: A
25. Allow Components List details (BOM) option is activated for
a. Ledger
b. Cost Category
c. Stock items
d. Budgets
Ans: B
26. We can repeat narration by pressing
a. Shift + R
b. Alt +R
c.Crl +
d. Alt+Shift+R
Ans: B
27. Discount Column is available in
a. Sales Invoice
b. Purchase Invoice
c. Both A & B
d. None of these
Ans: C
28. We cand cancel a voucher Using:
a. Alt+X
b. Ctrl +X
c. Shift + X
d. Ctrl +Shift+X
ans: A
29. We can't Select Cash in Journal Voucher
a. True
b. False
Ans: A
30. To Create Scenario which option require to be activated?

a. use Rev. Journal & Optional Voucher in F12

b. use Optional Voucer in F11
c. Use Reversing Voucher in F11
d. Use Reversing Journal & Optional voucher in F11
Ans : D
31. List of Optional Voucer we can get from
a. Cash Bank Book
b. Exceptional Report
c. Account Book
d. Balance Sheet
Ans: C
32. Singal Entry Mode is Applicable for
a. Receipt Voucher
b. Contra Voucehr
c. Payment Voucher
d. All of these
Ans: D
33. To Hind the name of the company you need to define
a. Security Control
b. Tally Audit
c. Create at Least one User
d. Tally Valut Password
and: D
34. To dedare a voucher as Post Dated Press
a. Ctrl +T
b. Alrt +T
c. Ctrl +P
d. None of these
Ans: A
35. We can switch from Accounting Voucher to inventory Voucher Pressing
a. F2
b. Alt +F1
c. Ctrl +F1
d. F11
ans: D
36. Goods Returning to a creditor after cahalln but before bill we need to pass
a. Debit Note
b. Receipt Note
c. Rejection Out
d. Rejection in
Ans: C

37. To Use Dr/Cr instead of To/By during voucher entry or vice versa, Press
a. F10
b. F12
c. F11
d. None of these
Ans: C
38. To Alter a master while making an entry or viewing a report
a. Alt+Enter
b. Shift + Enter
c. Ctrl + Enter
d. Tab + Enter
Ans: C
39. To show the cheque number while reconciling bank accounts press
a. F11
b. F12
c. Ctrl + F11
d. Ctrl + F12
ans: B
40. Total number of Ledger, Groups, Entries etc can be shown from
a. Tally Audit
b. Statistics
c. Accounts Infromation
d. Company Information
Ans: B
Word 2007 practical assignments for RS-CIT batch
WORD 2007 PRACTICAL ASSIGNMENT
Assignment 1.
Create a document in Word on a topic of your choice. Format the document with
various fonts (minimum 12, maximum 15) and margins (minimum 2, maximum
4).
The document should include a) A bulleted or numbered list
b) A table containing name, address, basic pay,
department as column heading
c) A picture of lion using clip art gallery
d) An example of word art
e) A header with student name & date
f) A footer with pagination
Assignment 2.
Create a document with the text given below and save it as First.Doc
A Read only Memory is a memory unit that performs the read operation only, it
does not have a write capability. This implies that binary information stored in a
ROM is made permanent during the hardware production of the unit and cannot

be altered by writing different words into it. Whereas a RAM is a general-purpose

device whose contents can be altered during the computational process, a ROM
is restricted to reading words that are permanently stored with in the unit. The
binary information to be stored, specified by the designer, is then embedded in
the unit to form the required interconnection pattern.
Do the following
a) Count the occurrences of the word ROM in the above document.
b) Replace ROM with Read Only Memory in the entire document
c) Underline the text Read Only Memory
d) Make an auto correct entry for ROM and it should be replaced by Read
Only Memory
Assignment 3.
Use first.doc to perform the following operations
a) Make the first line of document bold
b) Make the second line italic
c) Underline the third line
d) Align the fourth line to center
e) Make the font color of first line as red
f) Change the font style of fifth line to Arial
g) Change the second line to 18 points
h) Insert the date & time at the start of document
Assignment 4.
Use the document earlier saved and perform the page setting as follows
Top Margin 1.3
Bottom margin 1.4
Left margin 1.30
Right margin 1.30
Gutter margin 1.2
Header 0.7
Footer 0.7
Paper size executive
Orientation landscape
Assignment 5.
Insert a table. The table should have 5 columns. The auto behavior should be
Fixed column width. The following report has to be created in the table.
Sr. No. Name
Basic Pay
Designation
Department
1
Rahul Roy 10000/MD
Marketing
2
Ritu Garg
12000/AD
Sales
3
Mohit
8000/Manager
Sales
4
Rakesh
9000/Senior Manager HR
(a) Heading should have a font size of 18, color should be blue and font should
be bold.
(b) The data should have a font size of 12, color should be Red and font should
be italic
(c) Insert a new row between 3 & 4 and type the data and reorder the sr. no
column.
Assignment 6.

Create a table in word as shown below

Roll No
Name
Marks in Physics Marks in Chemistry Total Marks
1
Ritu
80
70
2
Rohit
70
80
3
Amit
60
50
4
Rakesh
40
60
5
Niti
30
70
6
Garima
80
80
Do the following
(a) In the total marks column, entries should be calculated using formulas and it
is the sum of marks in physics and marks in chemistry.
(b) Insert a new row at the end of the table and also find grand total using
formula.
(c) Sort the table based on total marks
(d) The date and heading should be center aligned
(e) Heading should be in bold and underlined
Assignment 7.
Below is given a letter and some addresses, this letter is to be sent to all these
addresses, so use mail merge option to do so
Addresses are:
1) Amit
H No 424 sector 8D Chandigarh
2) Rohit H No 444, Sector 125C Chandigarh
3) Jyoti
H NO 550, Sector 16A Chandigarh
The Letter is
To
<<Name>>
<<Address>>
Dear <<Name>>
You are called for an interview on the <<Date>>at 9:00 A.M with your original
documents
Yours Sincerely
ABC Limited
Phase 7
Mohali
Assignment 8. Make a template for the bio-data with the following format
Bio-Data

Name :
Fathers Name :
Date of Birth :
Age :
Address :
Educational Qualification
Sr No

Qualification

Board

Percentage

Work Experience:
Assignment 9.
Make a document with the following
1. It should have 3 pages
2. It should have bookmarks named book1, book2, and book3 for the respective
pages.
3. Using go to command go to the
i) Page no 2
j) Bookmark named book3
4. Insert one page break on page 2 to make total no. of pages 4.
5. Insert page number at each page
Assignment 10.
(i) Make an auto correct entry so that
a) Teh is replaced by The
b) Nmae is replaced by Name
c) Abouta is replaced by About a
(ii) Define a Macro Decorate which makes the text bold, Red in color and
italic, font size 14. Assign a shortcut key Alt + Z to this macro.