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Is it correct current liabilities showing in balance assets side in tally?

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NO it will be shown in liability sides
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We have been doing a small retail business for over 4 decades but haven't used Tally. What do I have to do after purchasing Tally ERP?
If tally is used ...your money transaction like credit,debit,purchase account has separate billing so its good to use
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Is Busy accounting software free?
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