TALLY - TUTORIAL
A tally is a complete business accounting software developed by Tally Solutions Pvt. Ltd, Bangalore , India.
Now we are going to learn tally here.
(with Video Tutorials also)
First you need to know, some accounting basics
Accounting Basics
- Every Transaction in any business, there must be ledger accounts for record transaction details.
- For Every Transaction, there are minimum 2 entries for ledger accounts, one for Debit(Dr) and another for Credit(Cr).
- Debit(Dr) means what comes-in (For Particular Ledger A/C).
- Credit(Cr) means what goes-out.
- All expenses are comes under Debit(Dr).
- All Incomes are comes under Credit(Cr).
- All purchases are comes into the purchase Ledger a/c.
- All sales are out from the sales Ledger A/c.
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Here is an Example of Transaction.
"Payment made of Rs. 2000/- for 'Room Rent'".
Ledgers to be Effected:- 1. Room Rent A/c 1. Cash.
Transaction Flow as follows:
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| Transaction for Debit and Credit |
