How many type of account in tally?

Asked by Last Modified  

4 Answers

Learn Tally Software

Follow 2
Answer

Please enter your answer

Rajesh Kumar N

"Rajesh Kumar N: Guiding Young Minds from 1 to 12 with Expertise and Care"

In Tally, accounts are broadly categorized into three types: 1. **Personal Accounts**: Accounts of individuals, firms, or organizations (e.g., debtors, creditors). 2. **Real Accounts**: Accounts related to assets (e.g., cash, bank, fixed assets). 3. **Nominal Accounts**: Accounts related to expenses...
read more
In Tally, accounts are broadly categorized into three types: 1. **Personal Accounts**: Accounts of individuals, firms, or organizations (e.g., debtors, creditors). 2. **Real Accounts**: Accounts related to assets (e.g., cash, bank, fixed assets). 3. **Nominal Accounts**: Accounts related to expenses and income (e.g., salaries, sales). These categories help in organizing and managing financial transactions effectively. read less
Comments
Dislike Bookmark

"Transforming your struggles into success"

Tally has two main types of accounts: Personal Accounts (for individuals, firms, and companies) and Impersonal Accounts, which are further divided into Real Accounts (assets) and Nominal Accounts (income, expenses, gains, and losses).
Comments
Dislike Bookmark

All Subjects & C.Sci Tutor

In Tally, there are three main types of accounts: Personal Accounts: Related to individuals, businesses, or organizations (e.g., Debtors, Creditors). Real Accounts: Related to assets and liabilities (e.g., Cash, Bank, Fixed Assets). Nominal Accounts: Related to income, expenses, and gains...
read more
In Tally, there are three main types of accounts: Personal Accounts: Related to individuals, businesses, or organizations (e.g., Debtors, Creditors). Real Accounts: Related to assets and liabilities (e.g., Cash, Bank, Fixed Assets). Nominal Accounts: Related to income, expenses, and gains or losses (e.g., Sales, Salaries, Rent). Each type serves a different purpose in financial management and reporting. read less
Comments
Dislike Bookmark

Cyber Security, CEH, CCNA, CCNP, Data Analytics Expert (15+ Year Experience) - IT Professional

Hello Benjamin, Tally has two predefined ledgers: Cash and Profit and Loss. Tally.ERP 9 also supports three types of bank accounts: Saving Account (Bank Account), Over Draft account (Bank OD), and Cash Credit account (Bank OCC). Tally also allows users to create their own groups, either as sub-groups...
read more
Hello Benjamin, Tally has two predefined ledgers: Cash and Profit and Loss. Tally.ERP 9 also supports three types of bank accounts: Saving Account (Bank Account), Over Draft account (Bank OD), and Cash Credit account (Bank OCC). Tally also allows users to create their own groups, either as sub-groups or primary groups. Users can sub-classify groups to an unlimited level, creating a virtual accounting tree. read less
Comments
Dislike Bookmark

View 2 more Answers

Related Questions

What is the difference between SAP and Tally Software?
In simple we can say SAP can't afford by Small and Medium Scale Business. So Tally is called power man's SAP
Shweta.m
What is the full form of the software Tally?
Total accounting leading list year
Nalini
0 0
5
Is Busy accounting software free?
Yes, Busy Accounting Software offers a free version called BUSY Express.
Neha
0 0
5
Hi, I did my graduation (B.Com) in 2010, after struggling a lot I started my career in 2013 as an executive in BPO and presently working as analyst back-end process us healthcare, I'm looking for job change. At present I'm doing tally ERP 9 GST with Ad Excel training and simultaneously I want to do SAP FICO module training, is it best to do SAP FICO according to my profile. Please, suggest me.
Hi Chaitanya, SAP FICO module always has a lot of scope to start your career, as it has lot of submodules, practices and you later on do vertical/Horizontal expansion in your career FICO has sub...
Chaitanya
How to create a company with password (in tally)?
In company creation form , set the security option to 'yes'.
Eagle Training Academy
0 0
7

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

Ask a Question

Related Lessons

Tally.ERP9 - An Introduction
- Tally software was developed by Tally Solutions Pvt Ltd - A Bangaluru based company. - It is the best available software in the Indian market for Small and Medium Enterprises - Tally has got great...

Jhansi K.

1 0
0
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
GST Update: Impact Of GST On Restaurant Business.
GST is almost ready to be rolled out. Both the producers and consumers start comparing the impact of the propsed taxation system with that of the existing one. In this article we are trying to compare...

Vertex Commerce Coaching Centre

0 0
0
Checklist for Tally.ERP 9 in Educational Mode(Server Machine)
Checklist for the Server Machine - Check the Date and Time of the System. - The Internet is connected with the System. - Check whether the license file (tally.lic) is available in the Tally.ERP 9 folder. -...

Ayushi J.

0 0
0
Basic Short-Cuts In Tally ERP.9 (For Beginners)
New Company Creation: Alt + F3 Change Period: Alt + F2 Voucher Creation: V Day Book: D + D Delete Any Ledger / Voucher / Entry: Alt + D Create any Ledger in the middle of Entry: Alt + C Ledger...
S

Sayak Bhar

0 0
0

Recommended Articles

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 Hadoop and Big Data

Hadoop is a framework which has been developed for organizing and analysing big chunks of data for a business. Suppose you have a file larger than your system’s storage capacity and you can’t store it. Hadoop helps in storing bigger files than what could be stored on one particular server. You can therefore store very,...

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 >

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 >

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