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Tally Software > Learn Tally Software > How many type of account in tally?
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How many type of account in tally?

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Online Mathematics tutor with 6 years experience(Online Classes for 10th to 12th)

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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 ...
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In Tally, there are typically five types of accounts:

  1. Assets: These are resources owned by the business, such as cash, inventory, equipment, and accounts receivable
  1. Liabilities: These are obligations or debts owed by the business, such as loans, accounts payable, and accrued expenses
  1. Income: These accounts track the revenue earned by the business from its primary operations, such as sales revenue, service income, and interest income.
  1. Expenses: These accounts record the costs incurred by the business to generate revenue, such as rent, salaries, utilities, and advertising expenses
  1. 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.

 

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My teaching experience 12 years

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Related Questions

Can you please send me a fees structure for tally courses?
Rs.2000 for Online and Rs.3000 + Petrol Charges for Home tution. Basic Accounts, Accounting, Taxes (TDS, CST, VAT, Service Tax, Excise Duty, Income Tax), Payroll, Inventory, Reports, Annexures & Forms, Online Return Filing.
Sunil
Does any training or cerification is required to learn Tally Software?
No. There is no such requirement. You can directly apply for tally.
Bhavesh
Which are the short term courses can you do after MBA HR?
Marketing with SAP is the best
Ankita
which will be the next version in Tally ERP?
Next Versions Tally.ERP9 Series B is under development. Please don't confuse with With Version and Release. Version is some thing Big enhancement in Tally where as Release is minor enhancement in the product....
Shweta.m
Can tally be used in banks?
Yes,Tally provides various functions such as managing bank transactions, maintaining ledgers and account books, generating reports like balance sheets and income statements, among others.
Priyanka
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General Information about Tally
Founded 1988 Founder Bharat Goenka and Shayam Sunder Goenka Chair Person Sheela Goenka Managing Director Bharat Goenka Headquarter Bangaluru,...

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