Whatever the demand, Tally.ERP 9 makes company processes and life much smoother and easier for you. Trusted remote control, security monitoring, and audit and inspection capabilities are all geared toward assisting you in delivering great work while also providing peace of mind. Tally.ERP 9 is a robust enterprise software solution with original simplicity that includes banking, billing, revenue, purchase, inventory, costing, work costing, and many more. The program is simple to set up and allows for gradual deployment (a capability that lets you activate functions when required). No matter where you are working from, you can share details with your chartered accountant, employees, and other professionals. It is intended to make activities like analysis, reporting, and financial modeling easier to complete. Tally.ERP 9's ultimate mission is to assist businesses in gaining control of their finances. And in a remote work environment, you can perform business transfers, browse stock status reports, and print documents. In other word personal account recording transaction with person or 9 is an accounting solution that helps you to manage your accounting department and maintain compliance with your company. The person receiving something is given debit and the person giving something is given credit. Personal account: These accounts record a business dealing with persons or firms.There are separate rules of the double entry system in respect of personal, real, and nominal accounts which are discussed below…… Rules of Double Entry System/Golden Rule Of Accounting:

Thus, on any date, the total of all debits must be equal to the total of all credit because every debit has a corresponding credit. This method of writing every transaction in two accounts is known as Double Entry System Of Accounting of the two accounts, one account is given debit while the other account is given credit with an equal amount. For Example, when we purchased goods for cash, we received goods and give cash in return, similarly in a credit sale of goods, goods are given to the customer and customer becomes debtor for the amount of goods sold to him. We have seen earlier that every business transaction has two aspects, i.e., when we received something we give. So that it may be used by manager, owners and other parties. such accounting records are required to be maintained to measure the income of the business, communicate the information. In other words an account is a systematic record of all transaction relating to a person, an asset, a liability, an expense or an income. The main purpose of accounting is to ascertain profit or loss during a specified period, to show financial condition of the business on a particular date and to have the control over the firm‟s property.

Some Text from the Tally Notes PDF Accounting:

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