23Apr, 2021
    How to create Multiple Ledger in Tally Prime

    How to create Multiple Ledger in Tally Prime

    To Create multiple ledgers in Tally Prime.

    • We need to go to Gateway of Tally Prime.
    • Now Gateway of tally Prime we need to go to Charts of accounts
    • Now from the chart from  chart of accounts, we need to select Ledger
    • Now from Ledger  press ALT+ H from the keyboard
    • A new window on Screen appear from there we need to select Multiple Create.
    • Now a new window appears to select the Group under which multiple ledgers needs to be created
    • Type the name of the ledger if any Opening type it otherwise leaves it blank.
    • Your multiple ledgers are created.
    for more see the pictures below

    Gatewateway of Tally > Charts of Accounts >Ledger + Press ALT+H + select multiple create

    MUTIPLE LEDGER IN tALLY PRIME 1 MULTIPEL LEDGER IN TALLY PRIME 2 MULTIPEL LEDGER IN TALLY PRIME 3   MULTIPEL LEDGER IN TALLY PRIME 4 MULTIPLE LEDGER IN TALLY PRIME https://youtu.be/3BG_SmXxIXE    

    How to alter multiple ledger in Tally prime

    • Go to gateway of tally >Chart of Accounts >Ledger> ALT+H >multi Alter
    • select the group of ledger

    See in the picture below

    multiple ledger alter in tally prime
    Complete Tutorial on Payroll Accounting in Tally Prime

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    22Apr, 2021
    BUSINESS TRANSACTION AND EVENT IN ACCOUNTING

    BUSINESS TRANSACTION AND EVENT IN ACCOUNTING

    BUSINESS TRANSACTION

    A business transaction is an economic activity of the business that changes its financial position .Wherever any business transaction takes place ,it results in a change In the value of some of the assets, liabilities or capital.

    Features of business transaction

    • It involve some economic activities when goods are sold or purchased or some expense are paid
    • Transaction are of two types internal and external transaction .External transaction involves economic activities between two parties such as purchase sales etc. Whereas internal transaction involves transaction entirely within business such as depreciation on fixed assets
    • Only those activities are recorded which can be measure in terms of money only.

    EVENTS:

    An event is the consequence or result of transaction for example If A Purchase goods worth Rs 100000 and sold it to B for B Rs 150,000 . These are two transaction of purchase and sale and the profit or loss earned is the event of transaction here 50,000 is the profit which is the event of transaction

    DIFFERENCE BETWEEN BUSINESS TRANSACTION AND EVENT

    Transaction

    Events

    A business transaction is an economic activity of the busines

    An event is the consequence or result of transaction

    It changes its financial position

    It may or may not changes its financial position

    Transaction is measure in term of money

    events may or may not be measurable in terms of money.

    The scope of the transaction is limited.

    The scope of the event is very wide.

    Business transactions must be supported by evidence.

    Transactions related to events are not always supported by evidence.