tally-company creation, accounting rules, ledger, journal, vouchers, stock creation

2. FUNDAMENTALS OF COMPUTERIZED
ACCOUNTING
 Accounting is a systematic way of recording and analyzing
transaction.
 It involves identification ,measuring and presenting econic information
about a business .
 With this information the owner are manger can take certain
decisions.
 If we do accounting using computers is called computerized
accounting

3. PRINCIPLES OF ACCOUNTING
JOURNAl
 It is the original book, where all transaction are recorded
 In this book, all business transaction are entered first .
 It is known as “journlizing” istead of all transaction in one journal
book ,transaction are recorede into sundivisions of journal or
subsidiary books .
classification
 Journal proper
 Day books
 Cash books

5. DAY BOOKS
 Purchase book records all credit purchases .
 Sales book records all credit sales .
 Purchase returns book records book records good returned to supplires .
 Sales return book records goods returned by the customers .

7. TYPES OF ACCOUNTS
BUSINESS TRANSACTION ARE CLASSIFIED INTO THREE CATRGORIES .
THEY ARE:
• Transaction relating to individuals and other organizations.
• Transaction relating to properties, goods , or cash .
• transaction relating to expenses (or losses) and incomes ( or gains).

10. LEDGER
 It is a book of final entry
 It can be divided into various sub divisions from the view point of convenience
and simplicity.
THEY ARE:
 GENERAL LEDGER
 PURSCHASE LEDGER
 SALES LEDGER
 PRIVATE LEDGER

12. PURCHASE LEDGER
 Records all personal accounts of
cutomers from whom the goods have
been purchased on credit
SALES LEDGER
• Records all personal accounts of
customers to whom the goods
have been sold on credit.
PRIVATE LEDGER
 Records the personal accounts
of the properitor ,that is, capital
accounts & drawings accounts.

18. Computerized accounting VS Manual accounting