Tally Solutions Interview Questions and Answers

Q1. How do you write NFRs or include them in PRDs?
Ans. 
NFRs are written in a separate section of the PRD to outline non-functional requirements.
• Identify key non-functional requirements such as performance, scalability, security, and usability.

• Document NFRs in a separate section of the PRD, clearly outlining each requirement and its acceptance criteria.

• Ensure NFRs are measurable and testable to track progress and ensure compliance.

• Collaborate with stakeholders to prioritize...read more
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Q2. Past experience on working with API integrations
Ans. 
Extensive experience in working with API integrations in previous roles
• Developed and maintained API integrations with third-party vendors

• Implemented RESTful APIs for seamless communication between systems

• Troubleshooted and resolved issues related to API integrations

• Worked closely with engineering teams to ensure smooth integration processes
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Q3. The most complex technical product you've worked on?
Ans. 
Developing a cloud-based enterprise resource planning system for a multinational corporation.
• Integration of multiple modules such as finance, HR, supply chain, and manufacturing

• Customization options for different regions and business units

• Data migration from legacy systems to the new platform

• Implementation of advanced security measures to protect sensitive data
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Q4. How do you propose optimizing product load speed?
Ans. 
Optimizing product load speed involves minimizing file sizes, leveraging caching, optimizing images, and reducing server response times.
• Minimize file sizes by compressing CSS, JavaScript, and images

• Leverage browser caching to store static resources locally

• Optimize images by using appropriate formats and sizes

• Reduce server response times by optimizing database queries and server configurations
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Q5. Strategy related questions
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Q1. Company weath and grow
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Q2. Company disscus in customer
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Provide company products name

Q1. Customer satisfaction
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Q2. Consumer problem and solve
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Q3. Own business in stared no time limited
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Q1. Tell us about yourself Like Experience Education's Family.
Ans. 
Experienced business development officer with a strong educational background and supportive family.
• Over 5 years of experience in business development roles

• MBA in Marketing from XYZ University

• Supportive family that encourages professional growth

• Passionate about networking and building client relationships
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Q1. Tell us about yourself.
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Q1. Tell us about yourself.
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Q1. Tell me about yourself.
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Q2. What do you know about Tally Prime?
Ans. 
Tally Prime is an advanced accounting software for businesses, offering features like invoicing, inventory management, and financial reporting.
• User-friendly interface: Tally Prime has a simple and intuitive design, making it easy for users to navigate and perform tasks.

• Comprehensive accounting: It supports various accounting functions such as ledger management, trial balance, and profit & loss statements.

• Inventory ...read more
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Q3. Which types of vouchers are there in Tally Prime?
Ans. 
Tally Prime offers various types of vouchers for recording different financial transactions.
• 1. Payment Voucher: Used for recording payments made, e.g., paying a supplier.

• 2. Receipt Voucher: Used for recording money received, e.g., receiving payment from a customer.

• 3. Journal Voucher: Used for adjusting entries, e.g., transferring funds between accounts.

• 4. Sales Voucher: Used for recording sales transactions, e.g., sell...read more
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Q4. How do you activate GST in Tally Prime?
Ans. 
Activating GST in Tally Prime involves enabling GST features in the software settings for compliance.
• Open Tally Prime and go to the Gateway of Tally.

• Select 'F11: Features' to access the features menu.

• In the Features menu, choose 'Statutory and Taxation'.

• Set 'Enable Goods and Services Tax (GST)' to 'Yes'.

• Specify the applicable GST details such as GSTIN and other relevant information.

• Save the changes and start creating G...read more
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Q5. What is the difference between Contra and Journal Voucher?
Ans. 
Contra vouchers and journal vouchers serve different purposes in accounting, with distinct recording methods and applications.
• Contra Voucher: Used to record transactions that offset each other, like cash deposited into a bank account.

• Journal Voucher: Used for recording non-cash transactions or adjustments, such as depreciation or accruals.

• Example of Contra Voucher: Transferring cash from petty cash to bank account.

• Exam...read more
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Q6. How do you create a company with Tally Prime?
Ans. 
Creating a company in Tally Prime involves setting up basic details and configuring settings for accounting needs.
• Open Tally Prime and select 'Create Company' from the gateway.

• Enter the company name, e.g., 'ABC Pvt Ltd'.

• Set the financial year, e.g., '2023-2024'.

• Choose the currency symbol, e.g., 'INR' for Indian Rupees.

• Configure the company address and contact details.

• Set up the features you want to enable, like invento...read more
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Q7. How do you create a Ledger in Tally Prime?
Ans. 
Creating a Ledger in Tally Prime involves defining accounts for transactions and categorizing them for easy tracking.
• Open Tally Prime and navigate to the 'Gateway of Tally'.

• Select 'Accounts Info' and then choose 'Ledgers'.

• Click on 'Create' to start a new ledger.

• Enter the name of the ledger (e.g., 'Sales Account').

• Choose the appropriate group for the ledger (e.g., 'Income').

• Fill in additional details like opening balanc...read more
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Q8. What is the difference between 'Single Ledger' and 'Multiple Ledger' creation in Tally Prime?
Ans. 
Single Ledger is for individual accounts, while Multiple Ledger allows for managing several accounts simultaneously in Tally Prime.
• Single Ledger is used for tracking one specific account, like a single customer or vendor.

• Example: Creating a ledger for 'ABC Supplies' to manage transactions with that vendor.

• Multiple Ledger allows for the creation of various accounts under one group, facilitating easier management.

• Example...read more
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Q9. How do you create GST ledgers in Tally Prime?
Ans. 
Creating GST ledgers in Tally Prime involves setting up the appropriate accounts for GST transactions.
• Open Tally Prime and go to the Gateway of Tally.

• Select 'Accounts Info' and then 'Ledgers'.

• Choose 'Create' to start a new ledger.

• Enter the name of the ledger, e.g., 'GST Payable'.

• Set the 'Under' option to 'Duties & Taxes'.

• Select the appropriate GST type, e.g., 'CGST', 'SGST', or 'IGST'.

• Enter the GST registration num...read more
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Q10. How do you record a GST Sales Entry in Tally Prime?
Ans. 
Recording GST sales in Tally Prime involves creating a sales voucher with appropriate GST details.
• Open Tally Prime and select 'Gateway of Tally'.

• Navigate to 'Accounting Vouchers' and select 'Sales'.

• Enter the date of the transaction.

• Select the party's ledger account from the list.

• Input the sales amount and select the appropriate GST rate (e.g., 18%).

• Tally will automatically calculate the GST amount based on the rate sel...read more
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