Tally Tutorial Accounting Basics

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.

Here is an Example of Transaction.

"Payment made of Rs. 2000/- for 'Room Rent'".

Ledgers to be Effected:- 1. Room Rent A/c 2. Cash.

Transaction Flow as follows: 

Transaction for Debit and Credit

see more examples
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