A͎c͎c͎o͎u͎n͎t͎a͎n͎c͎y͎ W͎i͎t͎h͎ T͎a͎l͎l͎y͎

  Tally.ERP 9 Enabling GST IN TALLY.ERP 9 .Gateway of Tally> Press F11 > Statutory & Taxation > Set Following Options to 'Yes'  > Enable Goods and Services Tax (GST)  > Set/Alter GST Details

  Tally.ERP 9 How to Alter A Company? If you want to make any changes in the company creations then you have to alter the company. How to Alter a Company? Modify Company & Activate Security Control Option as shown in following screen Gateway of Tally > Alt+F3 (Company Info.) > Alter> Enter> M/s. SHRIRAM ELECTRONICS • Tab down to Use Security Control option and Set it to "Yes" ⚫Type in the Name of Administrator: shiv and type the Password: shiv123 • The moment you press Enter to save the Alteration Screen, tally prompts you to enter the "Name of the user and password". 🔸 How to Shut the Company? •From the Gateway of Tally Press Alt + F1 to display Company Info •Select Shut Company option which will display the list of companies. • Select the Company name from the list which you want to Close / Shut.

  Tally.ERP 9 How to Create A Company? Shriram Electronics: is wholesaler & retailer of Electronics goods based in Mumbai (M.S.) the started their business operations in Mumbai from 1st April 2017 Shriram Electronics now need to maintain their books of Accounts in Tally.ERP 9 Company Info > Create Company > Shown by following screen   * Use of Security Control is Set to No . Directory- This is where your company data will be stored on your system. This field is skipped by default as suming that you wish to create company in the data path displayed. However if you want to change it, simply use the backspace key and change it to what ever required For example, the default Tally.ERP 9 data directory could be D:\Tally.ERP9\Data. • Name- Type here the name of the company, you wish to create. Mailing Name & Address- The mailing name and address details are picked up for inclusion in any report that needs the company name and address as heading. For example:Balance Shee...

  Short note on auditing in accounting Auditing in accounting is a critical process that involves evaluating the financial statements and records of an organization to ensure their accuracy, reliability, and compliance with applicable laws and regulations. The main purpose of auditing is to provide independent assurance to stakeholders, such as shareholders, investors, creditors, and regulators, that the financial information presented by an organization is trustworthy and fairly represented. Auditing typically involves several key steps, including planning, risk assessment, evidence gathering, testing, and reporting. Auditors use various auditing techniques and procedures to obtain sufficient and appropriate evidence to support their conclusions about the fairness of the financial statements. This may involve examining financial records, conducting interviews and inquiries, performing analytical procedures, and testing internal controls. Auditing serves several important functio...

  Short note on management accounting Management accounting, also known as managerial accounting, is a specialized field of accounting that involves the use of financial and non-financial information to support the management decision-making process. It provides valuable insights and analysis to help managers plan, evaluate, and control business operations, and achieve organizational goals and objectives. Here are some key points about management accounting: • Internal focus: Unlike financial accounting, which focuses on providing financial information to external stakeholders such as investors, creditors, and regulators, management accounting is primarily focused on providing information for internal use by managers within an organization. • Decision-making support: Management accounting provides managers with relevant information, analysis, and tools to make informed decisions about resource allocation, performance evaluation, pricing, product mix, and other strategic and oper...

   Financial accounting is a branch of accounting that focuses on the preparation and reporting of financial information for external users, such as investors, creditors, and regulators. It involves recording, classifying, and summarizing financial transactions in a systematic and standardized manner, and presenting the resulting financial statements, which include the income statement, balance sheet, and cash flow statement. Financial accounting provides important information to stakeholders about the financial health, performance, and position of a business. It follows generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS) to ensure consistency and comparability of financial statements across different organizations and jurisdictions. The main objectives of financial accounting are to provide relevant, reliable, and timely financial information for decision-making, financial analysis, and financial reporting. It involves various...

  Cost accounting is a branch of accounting that focuses on tracking, analyzing, and allocating costs associated with producing goods or services. It provides valuable information for internal use by managers to make informed decisions about resource allocation, pricing, profitability analysis, and performance evaluation. Here are some key points about cost accounting: 1• Cost tracking: Cost accounting involves tracking and recording all costs incurred in the production process, including direct costs (such as raw materials, labor, and manufacturing overhead) and indirect costs (such as utilities, rent, and depreciation). This helps managers understand the cost structure of a business and identify areas where costs can be managed more effectively. 2• Cost allocation: Cost accounting uses various methods to allocate costs to products, services, or other cost objects. This may include allocating indirect costs based on predetermined cost drivers such as labor hours, machine hours, o...

  Branches of accounting: • Financial Accounting: Records, summarizes, and reports financial transactions for external stakeholders. • Managerial Accounting: Provides internal stakeholders with information for decision-making, planning, and control. • Auditing: Examines and verifies financial records to ensure accuracy and compliance. • Tax Accounting: Prepares and files tax returns for individuals, businesses, and organizations. • Cost Accounting: Analyzes and allocates costs associated with producing goods or services. • Forensic Accounting: Detects and prevents financial fraud and crimes through investigation. • Social and Environmental Accounting: Measures and reports social and environmental impact of business operations. लेखांकन की शाखाएँ: • वित्तीय लेखा: बाहरी हितधारकों के लिए वित्तीय लेनदेन का रिकॉर्ड, सारांश और रिपोर्ट करता है। • प्रबंधकीय लेखा: निर्णय लेने, योजना बनाने और नियंत्रण के लिए आंतरिक हितधारकों को जानकारी प्रदान करता है। • ऑडिटिंग: सटीकता और अनुपालन सुनिश...

  Assets refer to resources that are owned or controlled by an entity and are expected to provide future economic benefits. Assets can include tangible items, such as cash, inventory, buildings, and machinery, as well as intangible items, such as patents, trademarks, copyrights, and goodwill. Assets are recorded on a company's balance sheet, which is a financial statement that provides a snapshot of the company's financial position at a specific point in time. Assets are typically classified based on their nature and presentation in the balance sheet, and proper accounting treatment, valuation, and disclosure of assets are critical for accurate financial reporting and decision-making.

🔸 T he stages of the double-entry system of accounting can be summarized as follows: • Identify the Transaction: Identify the financial transaction that needs to be recorded. • Analyze the Transaction: Analyze the transaction and determine its impact on the accounts and financial statements. • Determine the Account Types: Categorize the accounts impacted by the transaction as assets, liabilities, equity, revenues, or expenses. • Apply the Rules of Debit and Credit: Apply the rules of debit and credit to determine which accounts should be debited and credited based on the account types and transaction analysis. • Record the Transaction: Record the transaction in the general ledger, maintaining the balance between the debit and credit sides of the accounts. • Post to the General Ledger: Transfer the recorded transaction from the journal or subsidiary ledgers to the general ledger. • Prepare Trial Balance: Prepare a trial balance to verify that total debits equal total credits, ens...

 💠 Very Short Note On Systems Financial                  Accounting Systems of financial accounting refer to the methods and processes used to record, summarize, and report financial transactions and events of an organization. Common systems include single-entry system, cash basis accounting, accrual basis accounting, double-entry system, International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), and computerized accounting systems. The choice of system depends on factors such as organization size, legal requirements, and industry standards. * In Hindi वित्तीय लेखांकन की प्रणालियाँ किसी संगठन के वित्तीय लेनदेन और घटनाओं को रिकॉर्ड करने, सारांशित करने और रिपोर्ट करने के लिए उपयोग की जाने वाली विधियों और प्रक्रियाओं को संदर्भित करती हैं। सामान्य प्रणालियों में सिंगल-एंट्री सिस्टम, कैश बेस अकाउंटिंग, प्रोद्भवन आधार अकाउंटिंग, डबल-एंट्री सिस्टम, इंटरनेशनल फाइनेंशियल रिपोर्टिंग स्टैंडर्ड्स (...

🔸 Objectives of Accounting Accounting is a systematic process of recording, analyzing, and summarizing financial transactions and events of a business or organization. The objectives of accounting are crucial to ensure accurate and reliable financial reporting, decision-making, and accountability. Here are the main objectives of accounting: • Record Keeping: The primary objective of accounting is to maintain complete and accurate records of all financial transactions and events of a business. This involves recording all monetary transactions, such as sales, purchases, expenses, and revenues, in a systematic and organized manner. Proper record-keeping is essential for financial reporting and auditing purposes. • Financial Reporting: Accounting provides relevant financial information through financial statements, such as the balance sheet, income statement, and cash flow statement. These financial reports provide an overview of the financial position, performance, and cash flow of ...

★彡 [ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ɪꜱ ᴛʜᴇ ᴘʀᴏᴄᴇꜱꜱ ᴏꜰ ʀᴇᴄᴏʀᴅɪɴɢ, ꜱᴜᴍᴍᴀʀɪᴢɪɴɢ, ᴀɴᴅ ᴀɴᴀʟʏᴢɪɴɢ ꜰɪɴᴀɴᴄɪᴀʟ ᴛʀᴀɴꜱᴀᴄᴛɪᴏɴꜱ ᴀɴᴅ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴀ ʙᴜꜱɪɴᴇꜱꜱ ᴏʀ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ. ɪᴛ ɪɴᴠᴏʟᴠᴇꜱ ᴋᴇᴇᴘɪɴɢ ᴛʀᴀᴄᴋ ᴏꜰ ꜰɪɴᴀɴᴄɪᴀʟ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ, ꜱᴜᴄʜ ᴀꜱ ꜱᴀʟᴇꜱ, ᴇxᴘᴇɴꜱᴇꜱ, ᴀɴᴅ ɪɴᴠᴇꜱᴛᴍᴇɴᴛꜱ, ɪɴ ᴀ ꜱʏꜱᴛᴇᴍᴀᴛɪᴄ ᴀɴᴅ ᴏʀɢᴀɴɪᴢᴇᴅ ᴍᴀɴɴᴇʀ ᴛᴏ ᴘʀᴏᴠɪᴅᴇ ɪɴꜱɪɢʜᴛꜱ ɪɴᴛᴏ ᴛʜᴇ ꜰɪɴᴀɴᴄɪᴀʟ ʜᴇᴀʟᴛʜ ᴀɴᴅ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ᴏꜰ ᴀ ʙᴜꜱɪɴᴇꜱꜱ. ɪɴ ꜱɪᴍᴘʟᴇʀ ᴛᴇʀᴍꜱ, ᴀᴄᴄᴏᴜɴᴛɪɴɢ ʜᴇʟᴘꜱ ʙᴜꜱɪɴᴇꜱꜱᴇꜱ ᴋᴇᴇᴘ ᴛʀᴀᴄᴋ ᴏꜰ ᴛʜᴇɪʀ ᴍᴏɴᴇʏ ᴀɴᴅ ꜰɪɴᴀɴᴄɪᴀʟ ᴀᴄᴛɪᴠɪᴛɪᴇꜱ, ᴀɴᴅ ᴘʀᴏᴠɪᴅᴇꜱ ᴛʜᴇᴍ ᴡɪᴛʜ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴛʜᴀᴛ ᴄᴀɴ ʙᴇ ᴜꜱᴇᴅ ꜰᴏʀ ᴅᴇᴄɪꜱɪᴏɴ-ᴍᴀᴋɪɴɢ, ꜰɪɴᴀɴᴄɪᴀʟ ᴘʟᴀɴɴɪɴɢ, ᴀɴᴅ ʀᴇᴘᴏʀᴛɪɴɢ. ]彡★ *In Hindi लेखांकन एक व्यापार या संगठन से संबंधित वित्तीय लेनदेन और जानकारी को रिकॉर्ड करने, सारांशित करने और विश्लेषण करने की प्रक्रिया है। इसमें वित्तीय गतिविधियों, जैसे कि बिक्री, व्यय और निवेश पर नज़र रखना शामिल है, एक व्यवस्थित और संगठित तरीके से वित्तीय स्वास्थ्य और व्यवसाय के प्रदर्शन में अंतर्दृष्टि प्रदान करने के लिए। सरल शब्दों में, लेखांकन व्यवसायों को उनके पैसे और वित्तीय गतिविधियों पर नज़र रखने में मदद करता है, और...

 𝓑𝓸𝓸𝓴𝓴𝓮𝓮𝓹𝓲𝓷𝓰 𝓲𝓼 𝓽𝓱𝓮 𝓹𝓻𝓸𝓬𝓮𝓼𝓼 𝓸𝓯 𝓻𝓮𝓬𝓸𝓻𝓭𝓲𝓷𝓰 𝓪𝓷𝓭 𝓸𝓻𝓰𝓪𝓷𝓲𝔃𝓲𝓷𝓰 𝓯𝓲𝓷𝓪𝓷𝓬𝓲𝓪𝓵 𝓽𝓻𝓪𝓷𝓼𝓪𝓬𝓽𝓲𝓸𝓷𝓼 𝓲𝓷 𝓪 𝓼𝔂𝓼𝓽𝓮𝓶𝓪𝓽𝓲𝓬 𝓶𝓪𝓷𝓷𝓮𝓻, 𝓾𝓼𝓲𝓷𝓰 𝓮𝓼𝓽𝓪𝓫𝓵𝓲𝓼𝓱𝓮𝓭 𝓪𝓬𝓬𝓸𝓾𝓷𝓽𝓲𝓷𝓰 𝓶𝓮𝓽𝓱𝓸𝓭𝓼. 𝓘𝓽 𝓲𝓷𝓿𝓸𝓵𝓿𝓮𝓼 𝓴𝓮𝓮𝓹𝓲𝓷𝓰 𝓽𝓻𝓪𝓬𝓴 𝓸𝓯 𝓼𝓪𝓵𝓮𝓼, 𝓹𝓾𝓻𝓬𝓱𝓪𝓼𝓮𝓼, 𝓮𝔁𝓹𝓮𝓷𝓼𝓮𝓼, 𝓪𝓷𝓭 𝓹𝓪𝔂𝓶𝓮𝓷𝓽𝓼, 𝓪𝓷𝓭 𝓶𝓪𝓲𝓷𝓽𝓪𝓲𝓷𝓲𝓷𝓰 𝓪𝓬𝓬𝓾𝓻𝓪𝓽𝓮 𝓯𝓲𝓷𝓪𝓷𝓬𝓲𝓪𝓵 𝓻𝓮𝓬𝓸𝓻𝓭𝓼. 𝓑𝓸𝓸𝓴𝓴𝓮𝓮𝓹𝓲𝓷𝓰 𝓲𝓼 𝓲𝓶𝓹𝓸𝓻𝓽𝓪𝓷𝓽 𝓯𝓸𝓻 𝓯𝓲𝓷𝓪𝓷𝓬𝓲𝓪𝓵 𝓻𝓮𝓹𝓸𝓻𝓽𝓲𝓷𝓰, 𝓭𝓮𝓬𝓲𝓼𝓲𝓸𝓷-𝓶𝓪𝓴𝓲𝓷𝓰, 𝓪𝓷𝓭 𝓬𝓸𝓶𝓹𝓵𝓲𝓪𝓷𝓬𝓮 𝔀𝓲𝓽𝓱 𝓽𝓪𝔁 𝓪𝓷𝓭 𝓵𝓮𝓰𝓪𝓵 𝓻𝓮𝓺𝓾𝓲𝓻𝓮𝓶𝓮𝓷𝓽𝓼. 𝓘𝓽 𝓱𝓮𝓵𝓹𝓼 𝓫𝓾𝓼𝓲𝓷𝓮𝓼𝓼𝓮𝓼 𝓪𝓷𝓭 𝓲𝓷𝓭𝓲𝓿𝓲𝓭𝓾𝓪𝓵𝓼 𝓶𝓪𝓷𝓪𝓰𝓮 𝓽𝓱𝓮𝓲𝓻 𝓯𝓲𝓷𝓪𝓷𝓬𝓮𝓼 𝓮𝓯𝓯𝓮𝓬𝓽𝓲𝓿𝓮𝓵𝔂 𝓫𝔂 𝓹𝓻𝓸𝓿𝓲𝓭𝓲𝓷𝓰 𝓪𝓷 𝓸𝓻𝓰𝓪𝓷𝓲𝔃𝓮𝓭 𝓪𝓷𝓭 𝓬𝓵𝓮𝓪𝓻 𝓸𝓿𝓮𝓻𝓿𝓲𝓮𝔀 𝓸𝓯 𝓽𝓱𝓮𝓲𝓻 𝓯𝓲𝓷𝓪𝓷𝓬𝓲𝓪𝓵 𝓪𝓬𝓽𝓲𝓿𝓲𝓽𝓲𝓮𝓼. <script async src="https://pagead2.g...