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Lesson Posted on 07 Feb Tuition/BCom Tuition IT Courses/Tally Software/Tally Shoper 9

What Is The Objective Of Accounting?

Dev Group

Dev Group provides an in-depth IT & accounts training in Delhi. All the courses and training classes...

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 relating to other areas of knowledge. We place a great emphasis on the conceptual knowledge. The... read more

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 relating to other areas of knowledge. We place a great emphasis on the conceptual knowledge. The accountant should not only know but he should understand his objectives.

 

Objectives of Accounting:

 

The broad objects of Accounting may be briefly stated follows:

 

1. To maintain the cash accounts through the Cash Book and to find out the Cash balance on any particular day.

 

2. To maintain various other Journals for recording day-to-day non-cash transactions.

 

3. To maintain various Ledger Accounts to find out the exact amounts of incomes and expenses or gain and losses or receivables and payables.

 

4. To furnish information regarding Purchases and Sales, both Cash and Credit.

 

5. To find out the net profit or net loss or surplus or deficit for any particular period.

 

6. To find out the total capital on a particular date.

 

7. To find out the positions of assets on a particular date.

 

8. To find out the position of liabilities on a particular date.

 

9. To detect any defalcations and to check the frauds and misappropriations of money.

 

10. To detect the various errors and to rectify those through entries in the journal proper.

 

11. To confirm about the arithmetical accuracy of the books of accounts.

 

12. To help the management by supplying accounting ratios, reports and relevant data.

 

13. To calculate the cost of productions.

 

14. To help the management formulate policies for controlling cost, preparation of quotation for competitive supply etc.

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Lesson Posted on 03 Jan IT Courses/Tally Software/Tally ERP 9

Basic Short-Cuts In Tally ERP.9 (For Beginners)

Sayak B.

I am an teacher (past 3 years), i teach various boards (Class V to X), (XI - XII Commerce) & Calcutta...

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 Balance Check: D + A + L Copy / Repeat Narration: Ctrl + R Duplicate Any Voucher Entry: Alt + 2 Select Multiple... read more
  • 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 Balance Check: D + A + L
  • Copy / Repeat Narration: Ctrl + R
  • Duplicate Any Voucher Entry: Alt + 2
  • Select Multiple Company’s: F1 Or, Alt + F3
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Answered on 12/12/2017 IT Courses/Tally Software

What will be the percentage of GST applied to educational courses like Tally if I want to learn it from... read more
What will be the percentage of GST applied to educational courses like Tally if I want to learn it from an educational institution? read less

Nitin Nayak

Tutor

18%
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Answered on 06 Jan IT Courses/Tally Software

What is the use of learning tally after graduation?

Aayushi Agarwal

Home Tutor

It helps you in getting complete knowledge about how to work in practical field. You can handle your business accounts by yourself. I think a commerce student must learn Tally.
Answers 1 Comments
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Answered on 04 Jan IT Courses/Tally Software

What will the major changes in the tally of ERP 9 be, when the GST is included in the tally?

Sapna C.

All indirect taxes will remove .....
Answers 2 Comments
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Answered on 06/12/2017 IT Courses/Tally Software

Where do you record all types of adjustment entries in a tally?

Bipin Kumar Thakur

Crash Course Expert

journal vouchers
Answers 2 Comments
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Answered on 30/12/2017 IT Courses/Tally Software

Why does Tally Solutions make hundreds of H/W vendors its business partners, instead of making only a... read more
Why does Tally Solutions make hundreds of H/W vendors its business partners, instead of making only a few exclusive Tally Partners in a region? read less

Nand K.

Tutor

Every company has his own business strategies. Which is based out on there market analysis. The approach that Tally, as an organisation, uses is to maximise their reach to to masses by making as many partner as possible
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Answered on 31/12/2017 IT Courses/Tally Software

How many months can a person learn Tally?

IPFA Academy Tally Institute

3 month
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Asked on 23/10/2017 IT Courses/Tally Software

How do I open or convert tally 7.2 data in Tally ERP 9?

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Answered on 21 Jan IT Courses/Tally Software

How many type of account in tally?

Meghana B.

Tutor

Type of accounts will not be changed the type of accounts will be as follows Personal Account Real Account Nominal Account where as there are vouchers in tally that will be as Purchases voucher Sales Voucher Contra Journal Receipts Payments Besides Purchase Returns/ Sales Returns.
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