How many type of account in tally?

Asked by Last Modified  

4 Answers

Learn Tally Software

Follow 2
Answer

Please enter your answer

Richa Arora

3 types
Comments
Dislike Bookmark

Online Mathematics tutor with 8 years experience(Online Classes for 10th to 12th)

3 types
Comments
Dislike Bookmark

In Tally, there are typically five types of accounts: Assets: These are resources owned by the business, such as cash, inventory, equipment, and accounts receivable Liabilities: These are obligations or debts owed by the business, such as loans, accounts payable, and accrued expenses ...
read more
In Tally, there are typically five types of accounts: Assets: These are resources owned by the business, such as cash, inventory, equipment, and accounts receivable Liabilities: These are obligations or debts owed by the business, such as loans, accounts payable, and accrued expenses Income: These accounts track the revenue earned by the business from its primary operations, such as sales revenue, service income, and interest income. Expenses: These accounts record the costs incurred by the business to generate revenue, such as rent, salaries, utilities, and advertising expenses Capital: This account represents the owner's equity in the business, including investments made by the owner and retained earnings. These five types of accounts cover the major financial transactions and categories typically encountered in business accounting. read less
Comments
Dislike Bookmark

I am online Quran teacher 7 years

3 types
Comments
Dislike Bookmark

View 2 more Answers

Related Questions

Does any training or cerification is required to learn Tally Software?
Absolutely No. You can speak instead Papers in Interview.
Bhavesh
Is the Tally course useful for MBA in finance students?
Tally is very useful for MBA finance students.
Sarala
0 0
5
What is Busy Accounting software?
BUSY is an integrated business accounting and management software, particularly designed for Micro, Small, and Medium Enterprises (MSMEs).
Parna
0 0
5
What is Tally?
Tally is a accounting software. In this software you can easily maintain business account
Chitra
0 0
5
What are the most interesting and unknown facts of Tally, an accounting software?
Because it supports several languages, Tally ERP 9 is known as multilingual tally software. Other languages may be used to read reports and maintain accounts. Up to 99,999 companies can have accounts that...
Abraham
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

How to create company In Tally
Create Company in Tally first step Press enter in open Tally Software Second step work in education mode Third step Company info screen ...

Rahul Singh Rana

0 0
0
Tax Management
A Business who stays aloof of tax matters cannot remain competitive. Tax laws are an economic reality in the Business world. A Tax Dollar is just as real one derived from other source.” Tax Management...

Dev Group

1 0
0
Error Code 2013
Error Code 2013: Invalid or incorrect Tally.NET ID or password This error occurs when you enter an incorrect or invalid Tally.NET ID, administrator e-mail ID, site administrator e-mail ID, or password. Solution You...

Ayushi J.

0 0
0
Highlights Of Some Recent GST Council Meetings
Highlights of 22nd GST Council Meeting at New Delhi on 6 Oct. 2017 GST Council in its 22nd Meeting at New Delhi has recommended certain facilitative changes to ease the burden of compliance on small and...

Talent Hub Training Institute

0 0
0
Basic Accounting
Basic Concept Of Accounting: Accounting: It is an art of recording, classifying and summarizing in significant manner and in terms of money, transactions and events which are of financial character...

Dev Group

0 0
0

Recommended Articles

What is Applications Engineering all about?

Applications engineering is a hot trend in the current IT market.  An applications engineer is responsible for designing and application of technology products relating to various aspects of computing. To accomplish this, he/she has to work collaboratively with the company’s manufacturing, marketing, sales, and customer...

Read full article >

Top 5 Skills Every Software Developer Must have

Software Development has been one of the most popular career trends since years. The reason behind this is the fact that software are being used almost everywhere today.  In all of our lives, from the morning’s alarm clock to the coffee maker, car, mobile phone, computer, ATM and in almost everything we use in our daily...

Read full article >

Learn Microsoft Excel

Microsoft Excel is an electronic spreadsheet tool which is commonly used for financial and statistical data processing. It has been developed by Microsoft and forms a major component of the widely used Microsoft Office. From individual users to the top IT companies, Excel is used worldwide. Excel is one of the most important...

Read full article >

Why Should you Become an IT Consultant

Information technology consultancy or Information technology consulting is a specialized field in which one can set their focus on providing advisory services to business firms on finding ways to use innovations in information technology to further their business and meet the objectives of the business. Not only does...

Read full article >

Find Tally Software classes near you
Tally Software classes in Delhi
Tally Software classes in Bangalore
Tally Software classes in Mumbai
Tally Software classes in Chennai
Tally Software classes in Hyderabad
Tally Software classes in Kolkata
Tally Software classes in Jaipur
Tally Software classes in Pune
Tally Software classes in Ahmedabad
Tally Software classes in Gurgaon

Looking for Tally Software classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you