Tally uses Journal entry as format for all vouchers. Both Debit and Credit sides of a voucher have to be recorded. Before accepting it, Tally
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Chapter – 6 Cost Centre
Cost Centre may be defined as “a Location or Person or Place or Machine or Thing for which cost can be ascertained and used for
Read moreChapter-9 Interest Calculation
Exercise An investor wants to calculate interest for the following investments. As usual create a company by name ‘Interest-1’ with ‘Accounts only’ and keep as
Read moreChapter-10 Budget and Credit Limit
Exercise: First quarter budget & actual expenses of an automobile company is stated below: Particulars Budget April May June Sales 450000 Sales
Read moreChapter-15 Bill of Material
The name itself clearly explains the concept. This deals with the material that is going to get billed. Is there any such material used for
Read moreChapter-16 Price level and list
Everyone who had food from hotels will know what a Price List is. It lists out Items, time / season of availability, price, additional charges
Read moreChapter-17 Different Actual And billed Quantity
Normally Billed Quantity and Actual Quantity delivered will be one and the same. But under following situations there may be chances for different Actual and
Read moreChapter-18 point of sales (Pos):
This is a unique facility introduced to serve Cash down Sales points such as department stores, Eat-outs, Petrol Bunks and Stationers. In all these Sales
Read moreChapter-19 Pay Roll
VI – Human Resource Accounting Process of calculation and disbursement of salary to staff of an establishment is known as payroll process. Normally, employers are
Read moreChapter-20 Goods And Service And Tax
VII – Statutory Obligations GST Concepts: Goods and Service Tax (GST) is an indirect as implemented on July 2017. It was first implemented in France
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