Tally mcq questions With Answer | Accounting ERP Question | Computer Fundamental

Tally Solutions Pvt. Ltd., is an Indian multinational company that provides enterprise resource planning software. It is headquartered in Bangalore, Karnataka India.
Tally Solutions, then known as Peutronics, was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka.

The Balance Sheet and Income statement of companies across the Globe are usually prepared for a period of 1 year. However, the date from which this period starts varies from country to country.
In India, this 1 year period starts from 1^st April and ends on 31^st March.

After installation, the application opens to the screen shown Company Info

In Tally, the "Alter" option is used to make changes to an already created company.

To alter a company in Tally, follow these steps:

1. Open Tally and go to the Gateway of Tally.

2. Select "Company Info" from the menu.

3. Choose the "Alter" option.

4. A list of existing companies will appear. Select the company that needs modification.

5. Make the necessary changes and press Ctrl + A to save.

This feature allows users to update company details like name, address, financial year, and security settings.

Company info menu. (If you are in Gateway of Tally Press Alt+F3 to get that menu), Select Create Company option in the menu and press enter key, company creation screen will be appeared.

At the Gateway of Tally, press ALT+F3 or click F3:Cmp Info > Select the option Split Company Data > Select the option Select Company > Select the Company whose data is to be split.

Tally recommends the split-off date based on the data existing. It is recommended that the Split Point is set as the beginning of the latest financial year though Tally permits any date as the split point.

Go to company info Menu ( Use Alt + F3 from gateway of Tally ).
Select Backup menu, The backup processing screen will appear.
Select the source of data, normally this will be selected automatically no need to change.
Change the destination if required ,This needs to be changed in most cases if you want data backup in a removable disk (pendrive or CD).
Select the companies from the list ,choose End of list.
Accept and save the screen, the data will be backed up in destination folder you have mentioned.

Go to Gateway of Tally > F3 : Cmp Info > Restore to view the Restore Companies screen.
Destination - The folder path where your company data is to be restored. Do not restore backup data in the folder where your company data exists, since it may overwrite the existing data.
Source - The folder path where the backup file is stored. You can restore data stored locally on your computer, on any external storage device, or on a storage space on the network.
Select the required companies from the List of Companies . Select All items to restore data of all companies.
Press Ctrl+A to restore the data backup.

In the Company Info. menu choose Select Company option.
Then you will see the List of Companies, which are created using the Create Company option under the Company Info. menu.
From the list choose any one of the companies.

If you already opened the multi-companies and working on them and want to close any of them or two then there is two ways to close them.

Go to company info by pressing ALT+F3
There you will see the option Shut company, click on it
You will see all companies list.
Select the company which you want to close one by one.
Selected company will close after you have selected.