This assignment is designed to help you understand the Inventory Module of TallyPrime. You will learn how to manage stock by creating stock groups, categories, units, godowns, and stock items. Proper inventory setup is crucial for businesses involved in trading, manufacturing, and distribution. Inventory Tasks Overview In this assignment, you will complete the following: …
TallyPrime Assignment 4: Inventory Master Create Read More »
A Journal Entry is the first step in the accounting cycle. It records all financial transactions in the books of accounts in chronological order using the double-entry system. Each transaction has: At least one Debit At least one Credit Equal amounts on both sides Golden Rules of Accounting Journal entries follow these three Golden …
TallyPrime Assignment 3: Journal Entries in Accounting Read More »
In this assignment, you will learn how to create various types of Ledgers in TallyPrime, which are essential for recording transactions. You will create 30 ledger accounts with correct group classifications and mention whether the amount is Debit (Dr) or Credit (Cr). This practical exercise will help you understand how to categorize ledger entries properly …
TallyPrime Assignment No 2 – Ledger Master Creation with Example Read More »
Assignment: Accounting & TallyPrime Journal Entry Objective: To create journal entries, ledgers, profit & loss account, balance sheet, and determine net profit based on the given transactions between 1st January 2025 to 31st January 2025. 1. Ledger Creation (Sr. No, Ledger Account Name, Under Group, Account Type) Sr. No Ledger Account Name Under Group Account …
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