Category: Accounting

  • Create a new company in Tally Prime

    Introduction Entering company basic information • Selecting keyboard keys “Alt” and “R” (Alt+R), to change from regular company to group company in the company creation gateway. Therefore, we can create either a regular company or a group company by providing the requisite details. • Enter the name of the company, in our example, the name […]

  • What is accounting?

    Definition of accounting According to the American Institute of Certified Public Accountants (AICPA), “Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character and interpreting the results thereof.