V5 Global Services FSO Interview Questions and Answers

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

• Tally is used for bookkeeping, inventory management, payroll processing, and tax filing.

• It can be used by businesses of all sizes, from small startups to large corporations.

• Tally is popular in India and is also used in other countries.

• It has features like GST compliance, bank reconciliation, and budgeting.

• Tally can be used i...read more

A group in Tally is a collection of ledgers of the same nature.

• Groups are used to classify and organize ledgers.

• Tally provides predefined groups such as Sundry Debtors, Sundry Creditors, etc.

• Users can also create custom groups based on their business needs.

• Groups help in generating reports and analyzing financial data.

• Ledgers can be easily moved from one group to another in Tally.