Seekh Logo

AI-powered learning platform providing comprehensive practice questions, detailed explanations, and interactive study tools across multiple subjects.

Explore Subjects

Sciences
  • Astronomy
  • Biology
  • Chemistry
  • Physics
Humanities
  • Psychology
  • History
  • Philosophy

Learning Tools

  • Study Library
  • Practice Quizzes
  • Flashcards
  • Study Summaries
  • Q&A Bank
  • PDF to Quiz Converter
  • Video Summarizer
  • Smart Flashcards

Support

  • Help Center
  • Contact Us
  • Privacy Policy
  • Terms of Service
  • Pricing

© 2025 Seekh Education. All rights reserved.

Seekh Logo
HomeHomework Helpaccounting-softwareTally Prime Functionalities

Tally Prime Functionalities

The various features and capabilities of Tally Prime, including accounting and inventory management, company management, data security, and report generation, that enable users to manage and analyze financial data effectively

beginner
2 hours
Accounting Software
0 views this week
Study FlashcardsQuick Summary
0

Overview

Tally Prime is a powerful accounting software that simplifies financial management for businesses. It offers a user-friendly interface, making it accessible for users with varying levels of accounting knowledge. With functionalities like transaction recording, inventory management, and comprehensive...

Quick Links

Study FlashcardsQuick SummaryPractice Questions

Key Terms

Ledger
A record of all financial transactions for a specific account.

Example: The sales ledger shows all sales transactions.

Transaction
An event that involves the exchange of money or goods.

Example: Purchasing inventory is a transaction.

Inventory
Goods and materials that a business holds for sale.

Example: The store's inventory includes all products available for sale.

Report
A structured presentation of data and information.

Example: The profit and loss report summarizes revenues and expenses.

Tax Compliance
Adhering to tax laws and regulations.

Example: Filing tax returns on time ensures tax compliance.

Profit and Loss Statement
A financial report that summarizes revenues and expenses over a period.

Example: The profit and loss statement shows whether the business made a profit or loss.

Related Topics

Accounting Principles
Fundamental concepts that guide the field of accounting.
intermediate
Financial Analysis
The process of evaluating a company's financial performance.
intermediate
Inventory Management Techniques
Methods and strategies for managing inventory effectively.
advanced

Key Concepts

AccountingInventory ManagementReportingTax Compliance