“What is Accounting”

ERP = ENTERPRISES RESOURCE PLANING Accounting:- Accounting is defined as systematic summarized recording of day to day business transactions in the books of account.  In other words the books of your company can be treated as medical reports that show the health of your company. To learn accounting, it is necessary to understand the final amounts of Debit & credits, assets & liabilities, income & expenses to prepare of maintain accounts systematically & correctly. what is Debit?:- The things which...

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Types of Vouchers

"Types of Vouchers" Tally contains a variety of accounting vouchers each designed to perform a different job. The standard vouchers are as follows: Vouchers Shortcuts 1) Payment Voucher F5 2) Receipt Voucher F6 3) Contra Voucher F4 4) Purchase Voucher F8 5) Sales Voucher F9 6) Journal Voucher F7 1) Payment Voucher:- Payment voucher is used when you paid any amount in Cash/ Cheque /  to any party against any credit purchases or any due amount or give loan to...

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