Last-Minute Tally Interview Booster 🚀✅ Questions + Answers Inside

Here’s a Last-Minute Tally Interview Preparation Guide tailored for quick revision, including key topics, interview questions, and a cheat sheet. Ideal for accounting, finance, or data entry roles using TallyPrime or Tally ERP 9.

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✅ Key Topics to Revise

1. Basics of Tally
   • What is Tally, versions (Tally ERP 9 vs TallyPrime)
   • Company creation, features, security
2. Ledger & Groups
   • Default groups
   • Creating ledgers for Assets, Liabilities, Income, Expenses
   • Differences between Single and Multiple ledger creation
3. Voucher Entry
   • Types: Payment, Receipt, Contra, Journal, Sales, Purchase
   • Shortcut keys (F4 – Contra, F5 – Payment…)
4. Inventory Management
   • Stock Groups, Stock Items, Units of Measurement
   • Godowns and Batches
5. GST in Tally
   • Enabling GST, setting GST rates
   • Invoicing with GST
   • GSTR reports in Tally
6. Bank Reconciliation
   • Steps to reconcile bank statement with Tally records
7. Payroll
   • Enabling Payroll
   • Employee creation, Payslip generation
8. TDS / TCS / VAT (if applicable)
9. Reports
   • Trial Balance, P&L, Balance Sheet
   • Day Book, Ledger, Stock Summary
10. Data Backup & Restore

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💬 Common Interview Questions

1. What is Tally and what are its features?
2. How do you create a ledger and assign it to a group?
3. Explain different types of vouchers and their uses.
4. How is GST handled in Tally?
5. How do you record a purchase and sale entry with GST?
6. What is the use of a Contra voucher?
7. How do you back up data in Tally?
8. What is the difference between a ledger and a group?
9. How do you view the Profit & Loss Report?
10. What is the shortcut key for Day Book?

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📝 Cheat Sheet (Printable Highlights)

Shortcut	Action
Alt+F1	Detailed Report
F11	Features
F12	Configuration
F4-F9	Voucher types
Ctrl+C	Copy
Ctrl+V	Paste
Alt+D	Delete entry

Section	Example
Ledger	Purchase A/c → Purchase Group
Voucher	Sale of goods → Sales Voucher (F8)
GST Setup	Enable GST → Configure GST for ledgers/items
Stock Item	Add: Mobile, Qty: 10, Rate: ₹15,000

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📌 Tips for the Interview

• Be ready to open Tally and demonstrate entries if asked.
• Keep GST invoice formats in mind.
• If you have done any course/project, be prepared to explain what you did.
• Practice 3-5 key entries before the interview (e.g., Sale, Purchase, GST).

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Top Tally Interview Questions & Answers

1. What is Tally and what are its main features?

Answer:
Tally is an accounting software used for recording financial transactions. Its features include ledger management, voucher entry, inventory tracking, GST compliance, payroll processing, and financial reporting. The latest version is TallyPrime.

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2. How do you create a ledger and assign it to a group?

Answer:
Go to Gateway of Tally → Accounts Info → Ledgers → Create.
Enter the ledger name (e.g., “Rent Expense”) and assign it to a group (e.g., “Indirect Expenses”).

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3. Explain different types of vouchers and their uses.

Answer:

• Payment (F5): To record outgoing payments
• Receipt (F6): For incoming funds
• Contra (F4): Bank-to-bank or cash-to-bank transactions
• Journal (F7): For adjustments and non-cash entries
• Sales (F8): For recording sales
• Purchase (F9): For recording purchases

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4. How is GST handled in Tally?

Answer:
Enable GST from F11 → Statutory & Taxation.
Set GST rates in ledgers and stock items.
While recording sales/purchase, select proper GST ledgers. Tally auto-calculates IGST, CGST, or SGST based on the party location.

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5. How do you record a purchase and sale entry with GST?

Answer:
Purchase:

1. Use Purchase Voucher (F9)
2. Select supplier ledger
3. Add stock item(s), quantity, rate
4. GST ledgers (Input CGST, SGST or IGST)

Sales:

1. Use Sales Voucher (F8)
2. Select customer ledger
3. Enter items
4. Add GST ledgers (Output CGST, SGST or IGST)

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6. What is the use of a Contra voucher?

Answer:
A Contra voucher records internal fund transfers like:

• Cash deposited to bank
• Withdrawal from bank
• Bank-to-bank transfers

Shortcut: F4

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7. How do you back up and restore data in Tally?

Answer:

• Backup: Go to Gateway of Tally → Alt+Y (Data) → Backup → select source and destination
• Restore: Use Restore option from the same Data menu and select the backup folder

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8. What is the difference between a ledger and a group?

Answer:
A ledger is an account used to record transactions (e.g., Cash, Sales).
A group is a category used to classify ledgers (e.g., Current Assets, Sales Accounts).

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9. How do you view the Profit & Loss report in Tally?

Answer:
Gateway of Tally → Profit & Loss A/c
Shortcut: Alt+F1 for detailed view

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10. What is the shortcut key for Day Book and what is it used for?

Answer:
Shortcut: D → O → Day Book or press Ctrl+F12
Used to view all transactions (voucher-wise) on a selected date.

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