Tally.ERP9 is one of the best accounting software applications in India. It is useful for all types of organisations to record their business transactions. It is a complete Enterprise Resource Planning system with excellent features of accounting, inventory, taxation, payroll management, cost centre and cost category and budgets and scenarios management.
What are available accounting features in Tally ERP9?
Cost/Profit Centres Management
Budgets and Scenarios Management
What are available inventory features in Tally ERP?
Storage and Classification
What are available statutory features in Tally ERP?
Goods and Service Tax (GST)
Value Added Tax
Tax Deducted at Source (TDS)
Tax Collected at Source (TCS)
What are the predefined two ledgers in Tally.ERP9?
Profit and Loss Account
What are the types of ledgers in Tally ERP9?
Party Ledger (Sundry Debtors or Sundry Creditors)
What is group in Tally ERP9?
Similar nature of ledgers are classified under a particular group. You can create number of groups based on requirement.
Group: Telephone Charges (Indirect Expenses)
Ledgers: Airtel Telephone Charges
Idea Telephone Charges
BSNL Telephone Charges
Vodafone Telephone Charges
What is ledger in Tally ERP9?
A ledger is the account head to identify the transaction and you can use ledgers in all accounting vouchers like, sales, purchase, receipt, payment, contra and journal.
What are the types of vouchers in Tally ERP9?
Contra voucher (F4)
Payment voucher (F5)
Receipt voucher (F6)
Journal voucher (F7)
Sales voucher (F8)
Purchase voucher (F9)
Debit note voucher (Cntrl+F9)
Credit note voucher (Cntrl+F8)
Reversing journals (F10)
Memo voucher (Cntrl+F10)
What is the entry for cash withdrawn from bank?
Cash A/c Dr
To Bank A/c
What is the entry for sales?
Customer A/c Dr
To Sales A/c
To CGST A/c
To SGST A/c
What is the entry for depreciation?
Depreciation A/c Dr
To Accumulated Depreciation A/c
What is the entry for purchase of fixed asset?
Computers A/c Dr
CGST A/c Dr
SGST A/c Dr
To Vendor A/c
What is the short cut to recall the last narration?
The short cut to recall the narration is Alt+R
How can you copy text from Tally ERP9?
You can use short cut key Ctrl+Alt+C to copy text and Ctrl+Alt+V to paste text
What is bank reconciliation in Tally ERP9?
Bank reconciliation is a process and it indicates the difference on a specified date or particular period between balance shown in pass book (bank statement) and balance shown in bank ledger (Tally). By preparing the bank reconciliation statement will find the causes of difference between the bank ledger and bank statement.
Explain about Trail Balance in Tally ERP9
Trail Balance is summary of all the ledger balances for the particular period, the total of all debit balances and credit balances should be equal.
Path to view trail balance: Gateway of Tally -> Display -> Trail Balance