what is accounting in tally erp9
Answers
Accounting or book keeping is an important aspect of running a business successfully. ... Tally. ERP 9 provides simple-to-use accounting features that enable you to record business transactions easily.
Answer:
Accounting in Tally Erp 9 is the systematic recordation of the financial transactions of a business. The recordation process includes setting up a system of record keeping, tracking transactions within that system, and aggregating the resulting information into a set of financial reports.
Explanation:
Here, I'm explaining with a example, by which you can understand it clearly...
Every businessman has a single objective and that is to earn profit. Taking objective in mind, he performed all the business activities throughout the year. He is interested to know whether his objective has been fulfilled or not i.e. at times he wants to know the trading results i.e. profit or loss of the business. For this purpose he will have to compile all the business activities and to prepare an account of these activities. Since, Human memory has its limitation, it is not possible for a businessman to remember each and everything. Accounting has been evolved only for this basic purpose. All business activities are written and recorded, not only recorded but recorded in a systematic manner, so that trading results may be known at any time.
So that we use Tally Erp 9 for recording transactions.