how many type of companies can be created in tally
Answers
Answer:
Tally allows you to create an unlimited number of companies.
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Answer:
When it comes to creating companies in Tally, there are primarily four types of companies that can be created: Proprietorship, Partnership, Limited Liability Company, and Private Limited Company.
Explanation:
Tally is a popular accounting software that is widely used by businesses to manage their financial transactions. Tally offers various features to help businesses manage their financial records and generate reports.
Proprietorship: This is a type of company in which the business is owned and managed by a single person. This type of company is best suited for small businesses and sole proprietors.
Partnership: This is a type of company in which two or more people come together to start a business. The partners share the profits and losses of the business.
Limited Liability Company (LLC): This is a type of company in which the business is a separate legal entity from the owners. The owners have limited liability, which means that their personal assets are protected if the company faces financial difficulties.
Private Limited Company (PLC): This is a type of company in which the ownership is restricted to a small group of people. The company is not publicly traded, and the shares cannot be sold to the general public.
To learn more about the concept please go through the links:
https://brainly.in/question/1326502
https://brainly.in/question/17759759
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