PROFIT AND LOSS ACCOUNT ?

After ascertaining the gross profit the businessman will be interested to know the net result of business (I.e, net profit or net loss), at the end of the accounting period. Profit and loss account is prepared for this purpose.

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WHAT IS TALLY?

Tally is an ERP accounting software package used for recording day to day business data of a company. For example each every accounting works done through computer. And Tally many versions of software are available...The latest version of Tally is Tally ERP 9.

GOLDEN RULES OF ACCOUNTING

REAL ACCOUNT + Debit what comes into business. + Credit what goes out from the business. PERSONAL ACCOUNT + Debit the receiver. + Credit the giver. NOMINAL ACCOUNT + Debit the expense or loss of the business. + Credit the income or gain of the business.

WHAT IS MARKETING?

Marketing means the action or business of promoting and selling products or services, including market research and advertising.

BASIC COMMERCE

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