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Why does balance sheet always tally?

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This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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I am a 15 years experienced tutor for accounting and commerce subjects

Coz whatever investment in the form of liability gas to used in any asset or will be there in the form of cash
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solve Physics and math question in shortcut way

balance sheet should always be balanced. This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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I am online Quran teacher 7 years

Coz whatever investment in the form of liability gas to used in any asset or will be there in the form of cash
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I am online Quran teacher 7 years

balance sheet should always be balanced. This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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Related Questions

What are the differences between tally and SAP businesses?
They are 2 different software for accounting
Parna
0 0
5
Does any training or cerification is required to learn Tally Software?
Absolutely No. You can speak instead Papers in Interview.
Bhavesh

Is learning Tally good or is learning Advanced Excel and Python good? Which one will be better for getting a job? What would be the general cost of learning Tally, Advanced Excel and Python? Which are the best tutors or institutes near to Kudlu Gate and Electronic City?

 

 

As a beginner, you should go with Advance Excel and MIS reporting. After that, you can go for VBA, SQL, and Python in the end. Follow this career path. You will end up being a data analyst and package raging from 8-12lakh pa.
Prabhu
What is the best thing about tally accounting software?
It's mostly use and simplest software
Hema
0 0
5
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...
Rayhaan

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Related Lessons


Balance Sheet, P/L Account Preparation and posting at Tax portal
Tally to Tax Filing Portal Filing income tax return is a big task to retailers and SMEs/MSMEs. This causes to depend upon skilled tax filing professionals. Practitioners know rules and regulations...

S M.

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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. -...

What Is The Objective Of Accounting?
Accounting operates within a broad socio-economic environment, and so, the knowledge required of the accountant cannot be sharply compartmentalized. It is therefore, difficult to discuss one area without...

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

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