29.What is Accounting Groups ?

Collection of ledger (or) head of the ledger account it is called groups.

30. How many types of Group creations ?

• Single group creation
• Multiple group creation

31. How many types of ledger creations ?

• Single ledger creation
• Multiple ledger creation

32. Explain Accounting Vouchers.

• PAYMENT -> F5
• RECEIPT -> F6
• CONTRA -> F4
• JOURNAL -> F7
• SALES -> F8
• PURCHASED -> F9
• REVERSING JOURNAL -> F10
• MEMORADAM -> ALT+F10

33. Explain Inventory vouchers.

• RECEIPT NOTE -> ALT+F9
• DELIVERY NOTE -> ALT+F8
• REJECTION OUTWARDS -> ALT+F6
• REJECTION INWARDS -> CTRL+F6
• PURCHASED ORDER -> ALT+F4
• SALES ORDER -> ALT+F5
• STOCK JOURNAL -> ALT+F7
• PHYSICAL STOCK -> ALT+F10

34. What is sales register?

Sales register is to view the credit sales as well as cash sales only.

35. What is purchase register?

Purchase register is to view the credit purchase as well as cash purchase only.

36. What is bill-by-bill method?

To give the customer time for payment.

37. What is inventory ?

Inventory means stock.

38. What is stock group ?

Head of the stock items it is called stock group.

39. How many decimal places accept in units of measures ?

Four decimal places accept is units of measures.

40. How to activate purchase ledger ?

F12-> Use common ledger account for items allocation -> yes

41. How to activate Bill ?

F12-> Use default for bills allocation -> no

42. How to activate godown ?

F11-> Inventory features -> Maintain multiple godowns -> yes

43. How to activate Address for godown ?

F12 -> Use address for godowns -> yes

44. How to activate Delivery / receipt note and write the keys?

F11-> Inventory features-> Use tracking number for (Delivery / Receipt note)-> yes

• Receipt note -> Alt + F9
• Delivery note -> Alt + F8

45. How to activate Rejection inward / outward note and write the keys?

F11-> Inventory features -> Use rejection inward / outward note -> yes

• Rejection Outward -> Alt + F6
• Rejection Inward -> Ctrl + F6

46. What is coat centre ?

Cost centre is the allocation of expenses and income.

47. What is cost category?

Head of the cost centre it is called cost category.

48. How to activate cost centre?

F11 -> Accounting features -> Maintain cost centre -> yes

More than one payroll / cost category -> yes

49. What is Budget?

Budget is the estimate of expenses and income.

50. How to activate budget?

F11-> Accounting features -> Maintain budget and controls -> yes

51. How many types of budget?

Two type of Budget

• 1. On closing Balance
• 2. On net Transactions

52. How to activate purchase order & sales order ?

F11 -> Inventory features -> Allow purchase order processing -> yes

Allow sales order processing -> yes

53. Write the keys for purchase & sale order ?

• Purchase order -> Alt + F4
• Sales order -> Alt + F5

54. How to activate MFG / Expiry date ?

F11 -> Inventory features -> Maintain Batch-Wise details -> yes

(Set expiry date for batches) yes

55. How to activate interest calculation ?

F11 -> Accounting features -> Activate interest calculation-> yes

(Use advances parameters) -> yes

56. What are Re-Order levels?

Maintenance of maximum and minimum stock level.

57. How to activate price list ?

F11 -> Inventory features -> Use multiple price levels -> yes

58. How to activate payroll?

F11-> Accounting features -> Maintain payroll -> yes

More than one payroll / cost category -> yes

59. Explain payroll steps.

(Answer page number 31)

60. Write the payroll vouchers.

• 1. Salary payment voucher (Ctrl + F4)
• 2. Attendance voucher (Ctrl + F5)

61. Write the short cut key for Employee filter?

Alt + A

62. Expand BRS.

BANK RECONCILIATION STATEMENT

63. How may taxes in tally?

Eight Taxes in tally

64. Expand VAT, CST, TDS, TCS, and FBT.

• VAT -> Value Added Tax
• CST -> Central Sales Tax
• TDS -> Tax Deducted at Source
• TCS -> Tax Collected at Source
• FBT -> Fringe Benefit Tax

65. How to activate VAT?

F11-> Statutory & Taxation feature -> Enable Value Added Tax -> yes

Set / alter VAT details -> yes

66. How much Tax classes in VAT?

• Purchase -> 16
• Sales -> 18
• Vat class -> 14

67. How to activate service tax?

F11 Statutory & taxation features -> yes

• Enable Service tax -> yes
• Set alter service details -> yes

68. How many categories in Service tax?

110 categories in service tax

69. How to activate TDS ?

F11-> Statutory & taxation features -> yes

Enable Tax Deducted at source -> yes

Set alter TDS details -> yes

70. How many nature of payment in TDS ?

24 nature of payment in TDS

71. How to activate TCS ?

F11-> Statutory & taxation features -> yes

• Enable Tax Collected at Source -> yes
• Set alter TCS details -> yes

72. How much Nature of Goods in TCS ?

9 Nature of goods in TCS.

73. How to activate FBT?

F11-> Statutory & Taxation features->

• Enable Fringe Benefit Tax -> yes
• Set alter FBT details -> yes

74. How many categories in FBT ?

21 categories of FBT tax

75. How many Features in tally ?

• Accounting Features
• Inventory Features
• Statutory & Taxation Features

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