How useful is Tally now?



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Is tally used in every organisation and how does it help?

5 Answer(s)


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yes, of course it is a part of almost every small and medium enterprises in accounting department so there exists a very good scpoe of tally in future

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i think it is good to learn the pro mode of tally erp 9 because it is a first attempt perfectly

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lifo means last in first out and fifo means first in first out it is meanly used in purchase and sales segment

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suspense account is the special type of account where the accountant turns up in a situation that he is not able to find some entries related to the ledgers cash or bank and all other groups of accounts so to fill the gap in double entry he gives birth to a new account that is , SUSPENSE ACCOUNT

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THE RULE OF NOMINAL ACCOUNT IN ACCOUNTING IS
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

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