Accounting in Tally Prime

Module 1:

• Introduction to Accounting Languages
• Basic Concepts of Accounting
• Creating Company
• Comparing Tally ERP 9 with Tally Prime
• Gateway of Tally
• Ledger creation
• Passing Accounting Entires
• Bank Book Updation and Reconciliation
• Cash Book

Module 2: Taxation

• GST
• TDS

Module 3: Reporting

• Understanding of P&L in Tally
• Understanding of BS in Tally

Module 4: Auditing

• Understanding Ledger scrutiny
• Passing Closing entries
• Interesting features in Tally Prime
• Splitting of Company Data
• Taking Backup

Virtual Assignment

MCQs (30 mins per lecture)

1. How many types of accounts are in Tally?

In the Accounting in Tally Prime course, you learn that Tally categorizes accounts into three main types: Personal Accounts, Real Accounts, and Nominal Accounts. These classifications help in maintaining systematic financial records.

2. How many types of Tally accounts?

The Tally accounting course covers three primary account types used in Tally Prime: Personal Accounts (related to individuals, firms, and companies), Real Accounts (assets and liabilities), and Nominal Accounts (income, expenses, gains, and losses).

3. How to prepare company accounts in Tally?

The Tally basic accounting course teaches you to create company accounts by setting up ledgers, entering transactions, generating financial statements like the Balance Sheet and Profit & Loss Account, and ensuring accurate reporting using Tally Prime.