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A credit and debit tally is the total of the credits and debits, separately. The difference between the totals is the net profit or loss.
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∙ 9y ago
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What is the journal entry of commenced business with a cash capital in tally?
[Debit] Cash / bank [Credit] Capital account
How you use golden rule in tally?
personal accounts 1.debit on the receiver 2. credit on the river real accounts 1.what comes in debit 2.what goes out credit nominal account 1.all expenses and losses debit 2.all income and gains credit
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
Is prepaid insurance a debit or credit?
Debit
Why does a trial balance tally?
It tallies because our accounting is based on double entry book keeping. So debit and credit side are always equal.
How will you record bank loan in tally accounting?
Debit bank a/c Credit loan a/c
What is credit and debit note in tally?
Credit authorization scheme.Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low.
What is the journal entry of commenced business with a cash capital in tally?
[Debit] Cash / bank [Credit] Capital account
How you use golden rule in tally?
personal accounts 1.debit on the receiver 2. credit on the river real accounts 1.what comes in debit 2.what goes out credit nominal account 1.all expenses and losses debit 2.all income and gains credit
What is accounting in tally?
In accounting terminology debit value equals to credit value means tallied. Since tally software is created auditing people in mind and auditors having tally in their mind ie., tallying the figures. This magic word "Tally" named after this wonderful software "Tally ERP 9".
How do you use debit note in tally 9.0?
go to gateway of tally then voucher and click on debit note of the screen your right side
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
Is prepaid insurance a debit or credit?
Debit
What does debit mean on a gas bill?
On a bill a debit is a charge, while a payment is a credit.
Why does a trial balance tally?
It tallies because our accounting is based on double entry book keeping. So debit and credit side are always equal.
What does mdc mean on a bank statement'?
miscellaneous debit & credit
