This document discusses the accounting software Tally, including its various versions, key terms used in accounts, and the three main types of accounts: personal accounts, real accounts, and nominal accounts. It provides examples to illustrate how transactions are entered for each type of account in Tally. Personal accounts debit the receiver and credit the giver. Real accounts debit what comes in and credit what goes out. Nominal accounts debit expenses and losses, and credit incomes and profits.

2. Tally
• It is an Accounting Software.
• There are many types of version in the
market.
– Tally 7.2
– Tally 9.0
– Tally 9.1
– Tally 9.2
– Tally ERP 9

3. Terms of Accounts
• Transactions
• Entry
• Capital
• Fixed Assets
• Current Assets
• Debtors
• Creditors
• Drawing[ Withdraw by
Owner ]
• Trade Discount
• Cash Discount
• Trading Account
• Profit Loss Account
• Balance Sheet

4. Types of Account
1. Personal Account
• Debit the receiver
• Credit the giver
2. Real Account
• Debit What comes in
• Credit what goes out
3. Nominal Account
• Debit expenses and loss
• Credit income and profit

5. Personal A/c
• Creditors
• Debtors
– e.g.
• Take the loan from bajaj finance and take
the rs to mr. Anand rs 10000
Debit Credit
– DR Anand 10,000
– CR bajaj fiance 10,000

6. Real Account
• Assets
• Good
– e.g.
• Cash deposited into bank of baroda rs-2500
Debit Credit
Dr BOB 2500
Cr Cash 2500

7. Nominal A/c
• Income – received commission etc.
• Expenses – rent, electric bill etc.
– e.g.
• Paid Electric bill Rs-1500, received commission rs-100
– Expenses
Debit Credit
Dr Electric Bill 1500
Cr cash 1500
– Income
Dr Cash 100
Cr Commission 100

9. Click in Tally-9

11. Click Here

12. Create Folder in
D:Admin

13. Your Company Name
Your Company Nick
Name
Company Address
Country Name
Create Password
Financial Year
Chose Your Account

17. Design By:-
Rahul Solanki
Sachin Vishwakarma