Welcome to Litsy!

This book is divided into 14 chapters in two different section. First section tells you about the basics of accounting that is widely used by business and industrial houses. Second section deals with the Computerised accounting system using the famous India brand Tally.ERP 9, the latest version. Section 1 Chapter 1 introduces you to accounting, its meaning, objective and technology. Chapter 2 tells you about the basic accounting book - Journal, advantage of its uses and double entry system. Chapter 3 covers all about ledger and how it is different from Journal. As you move on to Chapter 4, it tells you about various other account keeping books called subsidiary book, used for different purpose. Chapter 5 introduces you to Trial balance and its calculation method. Chapter 6 covers all about developing bank reconciliation statement. Chapter 7 discusses in detail about the developing Final accounts - Income statement, Balance Sheet, Trading A/c, Profit and Loss A/c and Manufacturing account. Chapter 8 , the last chapter of section 1, tells you about developing final accounts with adjustments. Section 2 Chapter 9 introduces you to the Computerised accounting System - Tally.ERP 9, its installation and running. Chapter 10 continues with creating and altering companies in Tally.ERP 9. Chapter 11 tells you all about creating masters for various account enteries. Chapter 12 tell you all about the voucher entry in Tally.ERP using predefined and user defined vouchers. Chapter 13 covers all about developing various reports in Tally.ERP 9. Chapter 14 ends with information on using Multi-companies in Tally.ERP 9.