Groyyo Executive Accountant Interview Questions and Answers

Tally ERP9 is an accounting software used for managing financial transactions and generating reports.

• Tally ERP9 is widely used by businesses for accounting and financial management.

• It can handle various financial transactions such as sales, purchases, inventory, payroll, and more.

• The software can generate various reports such as balance sheet, profit and loss statement, cash flow statement, and more.

• Tally ERP9 also off...read more

TDS journal entry is a process of recording tax deducted at source in the books of accounts.

• Identify the TDS amount to be recorded

• Create a journal entry with TDS as the debit account and the relevant expense or vendor account as the credit account

• Enter the TDS amount and relevant details such as TDS certificate number and date

• Post the journal entry to the general ledger

• Reconcile the TDS amount with the TDS certificate