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The history of accounting Luca Pacioli who was known as the father of accounting born in 1446 in Sansepolcro where he also received his earlier education known as abbaco education. The knowledge he got was focused on knowledge required by merchants. While working as a tutor to the three sons of merchant, he continued his own education in Venice in 1464 and during this time he wrote his first book on accounting. Then he wrote a comprehensive abbaco textbook in vernacular for his students who were studying from him during the period of 1477 and 1478. Then he started teaching at the University level in Italy and he taught in numbers of Universities in Italy including Perugia, holding the first chair in mathematics and contributing his knowledge to his students. In 1494, his first book on Summa de arithmetica, geometria and proportioni et proportionalita got the publication in the city of Venice in Italy. It was the time when he got huge reception for his work written on geometr

Download and installing Tally ERP 9.6 Go to your Internet browser (Chrome, Mozilla, Opera etc) and search in Google  "Tally Solution"    Visit Tally official site and press Install now button that bottom of the site page  After download the file run the Tally.exe file  Press install and wait for complete the installation ....   If you have trouble to find the download file please click hear to download the file https://tallysolutions.com/download/    

Profit & Loss A/c  Balance Sheet

Practical  Exercise - 1 Before starting the exercise, enter this transcription to journal and write along with the Leader List Group.

Introduction of Tally and Company creation Hear is the sample of filling company information Directory: the directory is the path of storing company. When Tally Company is created, tally creates a data folder at the specified data directory and allots a company serial number. Name:   Enter the name of the company at the Name Filed this name is displayed at all company selected lists and internal reports. Primary Mailing Details Mailing Name: Hera enter the company Legal names (If Different from Company name) this would be printed in all external documents like Reports, Invoice, and Money Receipts etc. Address : Enter the company address. Country: Select the country from the drop down list. Sate: Select the State from the drop down list. Pin Code : Enter the PIN as per the Company Address. Contact Details Enter the Phone no. Mobile No. Fax no. E-Mail. Website. All these filed are optional, but should be filled for reference B

Tally Ledgers and Groups

Tally Ledger and Groups

Example of transaction and journal entries and Voucher

Example of transaction and journal entries and Voucher

Accounting Vouchers Pre-programmed with a variety of accounting vouchers, each designed to perform a different job. The standard Accounting Vouchers Contra Voucher                    (F4) Payment Voucher                 (F5) Receipt Voucher                   (F6) Journal Voucher                   (F7) Sales Voucher /Invoice       (F8) Credit Note Voucher           (CTRL+ F8) Purchase Voucher                (F9) Debit Note Voucher            (CTRL+ F8) Contra Voucher As per accounting rules Contra entries Records funds transfer between cash and bank accounts             From    Cash    To        Bank   Deposit             From    Bank   To        Cash    Withdraw             From    Bank   To        Bank   Transfer             From    Cash    To        Petty Cash      Deposit              Payment Voucher Records all bank and cash payments .For any Payment made weather cash Cheque entry should be passed through Payment entry .                 ( Onl