Rules of Accounting In Tally ERP.9 Part_11 |EduTech|

Rules of Accounting In Tally ERP.9.

This rule is applied when the account in question is a nominal account. The capital of the company is a liability. Therefore it has a default credit balance. When you credit all incomes and gains, you increase the capital by debiting expenses and losses.

The first general rule of accounting is that every transaction is recorded. It has been said that businesses that do not record transactions,

There are 3 basic rules in Accounting

1.Real Account What comes in Dr

The Receiver Dr

What goes out Cr 2.Personal Account Giver Cr

All incomes Cr.

3.Nominal Account

All Expenses Dr