It has followingĪdmin Expenses:- It means the expenses related to the day to day business activities. Operating Expenses These expenses are always debited to Profit and loss a/c Dr. Salary, Rent, Advertisement, commission received etc. they are not related to production work.įor e. This account includes indirect income and expenses i.
#Tally erp 9 pdf notes trial#
Thus the trial balance is an arithmetic check that all the double entries have completed. Because of the duality concept every debit should have credit and On the basis of Balance Sheet Company declare dividend to Shareholder and interest to Debenture holder.ĮǀeƌLJ ĐoŵpaŶLJ͛s BalaŶĐe “heet listed iŶ stoĐk edžĐhaŶge What is Trail Balance?Īt the end of an accounting period all the accounts are balance and the balances listed. We can open new branches or new plant of our company on the basis of Balance Sheet. On the basis of Balance sheet, company manager take the proper decision about their company. Balance sheet must be tally in both the sides i. Related to the company capital, company loans, current liabilities, fixed assets, investment, current asset etc. After closing the Balance Sheet we get the detail information Theīalance sheet is a last step of our account. Left hand side shows the Liability and right hand side shows the Asset. In balance sheet there areĢ sides, Liability and Asset. It is not an account, because there is no Dr/Cr side. The business, is called as Nominal Account. Nominal Accountthe accounts which are related to the accounts of incomes and expenses incurred by For e.: - Land, Building, Motor car, cash etc. Real Account Real accounts are accounts of assets and properties that can be seen, touched, can be Impersonal Account Account which is not related to person is called Impersonal accounts. For e., NRIT computer, Thane college, Partnership firm etc. For e., Ram, Krishna, etc.Īrtificial Person. PeƌsoŶ giǀes aŶLJ ďeŶefit to the ďusiŶess theŶ that peƌsoŶ͛s aĐĐount is credited The person (individual orĪrtificial) receives benefit from the business, those benefits persons account is said to be debited. Personal Account Personal accounts means the accounts related to person.
#Tally erp 9 pdf notes pdf#
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