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TALLY- ESSAY- PART 1

The document discusses computerized accounting, highlighting its advantages such as speed, accuracy, and security, alongside limitations like high costs and system dependency. It also covers Tally, a business accounting software, detailing its features, screen components, pre-defined groups, and technological advantages. Tally is presented as a comprehensive solution for accounting, inventory management, and taxation.

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16 views6 pages

TALLY- ESSAY- PART 1

The document discusses computerized accounting, highlighting its advantages such as speed, accuracy, and security, alongside limitations like high costs and system dependency. It also covers Tally, a business accounting software, detailing its features, screen components, pre-defined groups, and technological advantages. Tally is presented as a comprehensive solution for accounting, inventory management, and taxation.

Uploaded by

bava.or
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ESSAY 1

What do you mean by computerized accoun ng? Discuss its


advantages and limita ons.

Computerized accoun ng
Computerised accoun ng simply means using computer so ware to
record, store and manage business transac ons.
Advantages of computerised accoun ng
 Speed
 Accuracy
 Reliability
 Scalability
 Efficiency
 Security
 Facilitates standardiza on
 Up to date informa on
 Quality report
 Storage and retrieval
 Automated document produc on
 Automa c calcula ons
 Easy back up
Disadvantages of computerised accoun ng
 High cost
 Less safe
 High cost of training
 System failure
 Staff opposi on
 Required special skills
 Reduc on of manpower
 System dependency
 Health issues
ESSAY 2
Explain the features of Tally.

Tally
Tally is the simple and complete business accoun ng solu on available
in the word. Tally so ware developed by Tally solu on Pvt Ltd. Tally is
used for accoun ng, inventory management and taxa on purpose.
Features of Tally
 Simplicity
 Speed
 Power
 Flexibility
 No codes
 Real me
 Online help
 Customiza on
 Integra on
 Data security
ESSAY 3
Explain and enumerate screen components in Tally.

Tally
Tally is the simple and complete business accoun ng solu on available
in the word. Tally so ware developed by Tally solu on Pvt Ltd. Tally is
used for accoun ng, inventory management and taxa on purpose.
Components of Tally screen
1. Title bar
2. Horizontal bu on bar
3. Gateway of tally
4. Bu on bar
5. Calculator area
6. Info panel
7. Task bar
ESSAY 4
Explain and enumerate pre-defined groups given in Tally.

Tally
Tally is the simple and complete business accoun ng solu on available
in the word. Tally so ware developed by Tally solu on Pvt Ltd. Tally is
used for accoun ng, inventory management and taxa on purpose.
Groups in Tally
Groups in tally means categories to classify ledger accounts. There are
28 pre-defined groups in Tally. 15 are primary groups and 13 are sub
groups.
Primary groups
 Branch
 Capital account
 Current assets
 Fixed assets
 Current liabili es
 Direct expense
 Direct income
 Indirect expenses
 Indirect income
 Sales account
 Purchase account
 Investments
 Loans
 Miscellaneous expenses
 Suspense account

Sub-groups
 Bank accounts
 Bank overdra account
 Cash in hand
 Deposit
 Du es and taxes
 Loans and advances
 Provisions
 Reserves and surplus
 Secured loan
 Unsecured loan
 Stock in hand
 Sundry creditors
 Sundry debtors
ESSAY 5
Explain the technological advantages of Tally.

Tally
Tally is the simple and complete business accoun ng solu on available
in the word. Tally so ware developed by Tally solu on Pvt Ltd. Tally is
used for accoun ng, inventory management and taxa on purpose.
Technological advantages of Tally
 Data reliability
 Data security
 Tally audit
 Tally vault
 User defined security levels
 Simple and speedy installa on
 Unlimited mul user support
 Internal back up
 Removal of data into separate company
 Mul directory for company management
 Import or export of data
 Graphical analysis of data
 Web enabled
 Direct internet access
 Print preview
 Ability to publish report and document on the internet

PREPARED BY
JUBAIR MAJEED
RAHUL MURALI
9947050644

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