Software: Tally Erp9
To tally is to add up, like keeping the score of a game. The word tally has to do with counting. It comes from the Latin word for “stick” because people used to keep a tally by marking a stick. Tally can be the total, or the act of adding it all up. If you count the bikers riding by, your count is a tally.
Definition of accounting
The system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results also : the principles and procedures of this system studied accounting as a freshman.
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According to Bierman and Drain:” Accounting may be defined as identifying, measuring, recording and communicating of financial information.”
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What is accounting and example?
The definition of accounting is the process of systematically recording and managing financial accounts. Preparing a Profit and Loss Statement is an example of accounting.
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