TallyPrime Accounting

 If you’re starting your journey in accounting, one of the first things you’ll hear about is the Journal Entry. It’s the foundation of the accounting process and the first step in recording business transactions. A journal entry is the first formal record of a financial transaction in the books of accounts. It tells the …

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A business transaction refers to any activity that involves the financial exchange of money or goods between two or more parties.  It can involve the exchange of goods, services, or money. A business transaction is “The movement of money and money’s worth form one party to another”. Or exchange of values between two parties is …

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