WEL-COME Maharashtra Agricultural

Competitiveness Project

Project Co-ordination Unit

TALLY 9.0 ERP

Accounting Golden Rules

Real Accounting:

Dr - what comes in

Cr - what goes out

Example: Cash/Bank, Rent

Accounting Golden Rules

Personal Accounting:

Debit is the receiver

Credit is the giver

Example: Vendor, Customer

Accounting Golden Rules

Nominal Accounting:

all gains and income are credit

all losses and expenses are Debit

Example: Sales, Purchases

Accounting System

2) Accounting System : As per the Finance Manual Cash

system is the basis of accounting. As the transactions are

recorded in tally, the double entry system is taken care of by

the accounting software. The various accounting entries of

few main transactions are given below:

Receipt Voucher

Payment Voucher

Payment Entries / Voucher

Payment Voucher

Payment Voucher

Contra Entries / Voucher

Journal Entries / Voucher

Ledger view:

Balance Sheet view:

Trial Balance Sheet view:

User defined Access Control

User Define Access Control

User Define Access Control

User Define Access Control

User Define Access Control

User Define Access Control

User Define Access Control

Few important points to be

observed while entering data in tally:

1. 1Model Company of tally prepared by PCU to be used

for accounting purpose.

2. List of accounts in Model company has the required

groups to prepare the Interim Unaudited Financial

report (IUFR) or Project Financial Statement (PFS). No

group alterations in the form of addition or deletion

should be done in model company without prior

permission of PCU.

3. From centre to centre basis different ledgers can be

created under the specified groups in model company.

Thank’s