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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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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: 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
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Related Questions

Who invented Tally Software?
S S Goenka and Bharat Goenka
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Is the Tally course useful for MBA in finance students?
Tally is very useful for MBA finance students.
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How to create a company with password (in tally)?
In company creation form , set the security option to 'yes'.
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How can Tally software help in Business?
For Business using Tally owner can cut his cost by employing less or few employess. It helps in recording the Vouchers and extracting any Reports needed by the Organization. I also handles all statutory...
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How can I display HSN code in tally ERP 9?
enable the relevant settings and then specify the HSN codes at different levels (company, stock group, stock item, or ledger).
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Related Lessons

Tally.ERP9
Hi.....Learn Taxation through Tally is easier way to understand & improve knowledge base.
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Why Tally is most popular accounting software in India?
Why is Tally the most popular accounting software in India? The top 10 reasons follow. 1.Easy maintenance : Maintaining an accounting software package hasn’t been more comfortable. A transformation...

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Founded 1988 Founder Bharat Goenka and Shayam Sunder Goenka Chair Person Sheela Goenka Managing Director Bharat Goenka Headquarter Bangaluru,...

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