1. What is Accounts ?

Accounting is the language of business.

2. What is Book – Keeping?

Book keeping is the art of recording of business transactions

3. What is Journal ?

Preliminary books keeping of journal.

4. What is Ledger ?

Ledger is set of accounts (or) collection of journal entries.

5. What is Trial Balance ?

Final statement of the ledger account.

6. What is Trading Account?

To know the result of the business and show the gross profit & gross loss and buying and selling difference.

7. What is Profit & Loss a/c ?

To final result of the business well profit & loss

8. What is Balance Sheet ?

The final financial position of the company and statement of assets and liabilities.

9. How many Types of Accounts?

• Personal Account
• Real Account
• Nominal Account

10. Explain "Golden Rules"?

Personal Account

• Debit the receiver
• Credit the giver

Real Account

• Debit what comes in
• Credit what goes out

Nominal Account

• Debit all expenses and loses
• Credit all incomes and gains

11. How many steps in Accounting cycle?

Six steps in accounting cycle

12. Define the term of financial year.

The current financial year refers to the 12 months; it is starting from every 1 April and ending on next year 31st march.

13. Who is the Father of Tally?

Mr.Bharath Goenka

14. Tally Invented by?

Tally Solution PVT LTD (India) at Bangalore

15. TALLY erp9 releasing year?

2009

16. Expand ERP.

ENTERPRISE RESOURCE PLANNING

17. How many parts of Tally?

• Title bar
• Minimize bar
• Maximize bar
• Horizontal button bar
• Vertical button bar
• Gateway of Tally
• Company details
• Calculator
• Tally Task bar & Status bar

18. Write the short cut key for open calculator?

Ctrl + N

19. Write the short cut key for close calculator?

Ctrl + M

20. Write the short cut key for current period change.

Alt + F2

21. Write the short cut key for current date change.

F2

22. Write the short cut key for Display the versions Gateway of tally?

Ctrl + Alt + B

23. Write the Company info menu.

Alt + F1 -> Select company

• Login as remote user
• Create company
• Backup
• Restore

Alt + F3 -> Select Company

• Connect company
• Shut company
• Create company
• Create group of company
• Alter
• Change tally vault
• Split Company Data
• Backup
• Restore

24. How many types of company maintain?

Two Types of Company maintain

• Accounts Only
• Accounts with Inventory

25. How many types of Password ?

Two Types of Password

• Tally Vault Password
• Use Security control

26. How many Editions of Tally ?

Two Editions of Tally

• Silver edition (Single user)
• Gold edition (Multi user)

27. How many Masters of Tally ?

Tree master of Tally

• Accounting Info
• Inventory Info
• Payroll Info

28. How many Types of Vouchers in Tally ?

• Accounting Voucher
• Inventory Voucher
• Payroll Voucher

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