Accounts1U

Account is art of recording the bookkeeping in a particular manner. Accountancy art of summarising analysis and preparing the financial statement in a permanent manner. Booking keeping is a permanent record of all the transaction. Accounts required all over world, And "Tally ERP 9" is a base for transaction. Account content 3 Golden rules 1. Personal account (Debit Receiver, Credit Giver) 2. Real account (Cash comes in, Cash Goes Out) 3. Nominal account (Debit all expenses and loses, Credit all Income and Gain) Assets ; assets are located in debit side of balance sheet and its income to business. Liabilities : liabilities are located in credit side of balance sheet and its loss to business.