Accounts !
The most important thing in business without which business activities in relation to financial matters becomes clueless and have no goals, no ideas where they are going, where they started, where they are right now, what will happen.
In a Business a lot of transaction occures and at each steps one needs to record them, monitor them, needs various reports from the past and current data so the future plan and financial goals can be achived otherwise every efforts becomes meaningless
As Many of you already aware some basic rules of accounts yet i will go again with the same rules which are the life line, and root of entire accounts
When a financial transaction incurred, it has two effects
1. Money, goods, property changes hands
2. It may result in a profit or loss or neutral to the concerned party
The transaction when recorded, it always in the following way
1. One account is debited
2. The other account is credited
These are the thumb rules of accounts and a bit more thumb rules will be in my next post
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I am helping people to learn tally and accountancy
i learn tally , but no one teach me very well .in this i can say i am nil to understand tally .but i desperately want to know tally n also want to work with it without any problem but i don’t understand if a have to make a ledger which group i should do yes n in ledger so many thing happen what thing should i do yes on no that i don’t understand. do u please help me i will be very thankful to you
thanking you
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priya
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hiiii i want to learn tally at home as iam nt able to manage to attend the classes for tally so now iam just blank about tally but iam a commerce student and done my Bcom so it will be easy for me to undstand it, i hav the lates version of tally something like 9.0.
please help me to learn tally..
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Vitthal