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Table of Contents Introduction to Tally Prime Understanding the concept of accounting software Features and benefits of Tally Prime Installation and setup of Tally Prime Creating and managing companies in Tally Prime Basic Navigation and Data Entry in Tally Prime Understanding the Gateway of Tally Creating, displaying, and altering masters Recording and editing accounting vouchers

Basic accounting Account An account refers to a record of financial transactions for a particular individual or organization. This could include things like deposits, withdrawals, and balances. Accounting Accounting is the process of recording, summarizing, analyzing, and interpreting financial transactions to help businesses, organizations, and individuals make better financial decisions. Process of Accounting Transaction Recording

Welcome to the world of financial knowledge! Today, we’ll unravel the mystery behind assets, a crucial element for anyone looking to secure their financial future. Whether you’re an individual trying to build stability or a business aiming for growth, understanding assets is like having a compass in the vast landscape of finance. Join us as

What is Liability in Accounting? Liabilities are financial obligations or debts that a company owes to external parties. These obligations arise from past transactions or events, and settling them often involves the transfer of assets, provision of services, or other forms of payment. Importance in Financial Accounting Liabilities play a crucial role in financial accounting

Income Income is the revenue a business earns from selling its goods and services or the money an individual receives in compensation for his or her labor, services, or investments. Direct income Direct income is the active income of a business earned by selling the goods or services they offer. The term “direct” refers to

Capital  It is amount invested in the business by its owners. It may be in the form of cash,goods,or any other asset which the proprietor or partners of business invest in the businessactivity. Frombusiness point of view, capital of owners is a liability which is to be settledonly in the event of closureor transfer of

Expense Expenses in accounting are the money spent or costs incurred by a business in an effort to generate revenue. Hence, expenses in accounting are the cost of doing business, including a sum of all the activities that will hopefully generate profit for you. Types of expense Direct expense Direct expenses means all expenses directly

Sketch drawing Sketch is a vector illustrations manager that is planned explicitly for computerized plan. It was first delivered in 2010 and has rapidly become perhaps of the most well known device utilized by visual planners, UI/UX creators, and different experts. Vector Graphics In the same way as other advanced plan apparatuses, Sketch depends on

Adobe Illustrator, developed by Adobe Inc., is an influential graphic design software utilized for creating vector graphics. With its capability to maintain image quality when resized, it proves to be an indispensable tool for designing logos, illustrations, icons, and various visual elements for both print and digital media.The software offers artists and designers a user-friendly

Figma Figma is a web-based design and prototyping tool that has been developed by Figma Inc. since its release in 2016. It is a popular tool used by UI/UX designers, product managers, and developers for creating interactive designs, wireframes, and prototypes. Collaboration One of the most striking elements of Figma is its cooperation capacities. The

Photoshop Photoshop is a strong and flexible picture altering programming created by Adobe Frameworks. It is perhaps of the most broadly involved device in the field of advanced plan and has turned into a fundamental piece of the tool stash for the vast majority visual fashioners, photographic artists, and different experts. Interface Photoshop has a

Coreldrawdesign CorelDRAW stands as a vector graphics editor developed and marketed by Corel Corporation It is a popular tool used by graphic designers, illustrators, and other professionals for creating high-quality designs, illustrations, logos, and more. Vector Graphics One of the vital highlights of CorelDRAW is its utilization of vector illustrations. Not at all like raster designs,

Operating system (OS) An operating system (OS) is a software program that oversees computer hardware resources and furnishes essential services for computer programs. It is the backbone of a computer system that coordinates the operation of the various hardware components and software applications. The working framework is answerable for controlling and allotting assets, for example,

what is the difference of ram and rom Computer Memory, in the context of computers and electronic devices, refers to the component or components that are used to store data and program instructions that can be accessed by the central processing unit (CPU) or other hardware components. Memory can be classified into two primary types: RAM