2

AGENDA OF TODAY’S SESSION

★Introduction of SEGAcademy.
★ What is Vision of this course TALLY?
★ What is objective of this Course TALLY ?
★ What is TALLY?
★ Who, Why, & How of TALLY?
★ What is required to learn this Course?
★ Fundamental of Accounting.
FOUNDED IN 2016

S E G
A
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What are different program offered by Sega

ONLINE/ OFFLINE/ CAMPUS COURSES

★ Stock Market Training ★ Coding

(NISM/ AMFI) ★ Website Development
★ Human Resource ★ App Development
Training/Personality ★ CCC/ “O” Level
Development ★ Python (Machine Learning)
★ Information Technology ★ Digital Marketing
like : - ★ Ethical Hacking.Etc
 5

Vision
to provide from this course

TALLY Education at affordable cost

available to the maximum No. of people in
India in easy to understand language with
ongoing innovation.
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Objective of the Training

● This course is designed to impart knowledge
regarding concepts of Financial Accounting by
providing in depth knowledge along with practical
exposure.
● To make Money as a part time or Full time, free-
lancer in TALLY
● This course covers the topics on concept, tools and
techniques of accounting using Tally.
ACCOUNTING &
TALLY TRAINING
WITH GST
WHAT IS TALLY?
Tally is an accounting software package that is
used to record day to day business data of a
company. This software can integrate with other
business applications like Inventory, Finance,
Sales, Payroll, Purchasing, etc. Tally software is
used for storing all the business transactions of
each account in detail.
 WHO
WHY
HOW
Benefit of

TALLY?
WHO
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Who can Learn TALLY

● Anyone can Learn. Subject of Study doesn’t
matter
● No tech Background is needed.
● You can learn after 12th Standard for during
college or an experience professional.
● What you need is Computer / Laptops and Basic
Internet Connection.
WHY
 14

LEARN
HOW
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17
TODAY’S TOPIC

FUNDAMENTAL
OF
ACCOUNTING
INTRODUCTION
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ACCOUNTING

▫ Accounting is used by business entities for keeping records

of their monetary or financial transaction.
▫ A businessman who has invested money in his business
would like to know whether his business is making a profit
or loss, the position of his assets and liabilities and whether
his capital in the business has increased or decreased
during a particular period.
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DIFFERENCE BETWEEN

❖ ACCOUNTS
❖ ACCOUNTING &.
❖ ACCOUNTANCY
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DIFFERENCE
BETWEEN
❖ ACCOUNTS ;
BUYER-SUPPLIER.
❖ ACCOUNTING ;
MAINTAINING FINANCIAL
RECORDS.
❖ ACCOUNTANCY ;
COMMUNICATION.
 Accounting is a process of
identifying,recording,classifying and reporting
information on financial transactions in a systematic
manner for the purpose of providing financial
information for decision making.
STAGE OF ACCOUNTING
❖ IDENTIFICATION
❖ CLASSIFICATION
❖ SUMMARIZATION
❖ ANALYZATION & CONCLUSION
❖ INTERPRETATION & DECISION MAKING
 BOOK-KEEPING & 24

ACCOUNTING
BOOK-KEEPING Accounting
1. Recording 1. Summarizing of recorded data
2. Routine and clerical in nature 2. Higher level of knowledge
3. Base for accounting 3. Starts where book-keeping ends
4. Not part of financial statement 4. Vary firm to firm
5. Cannot ascertain financial 5. Can ascertain financial position.
position.
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ACCOUNTING TERMS
❖ ASSETS
➢ FIXED ASSET
➢ CURRENT ASSET
➢ LIQUID ASSETS
❖ LIABILITIES
❖ CAPITAL
❖ REVENUE
❖ CREDITOR
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❖ SUNDRY CREDITORS
❖ DEBTOR
❖ EXPENSES
➢ CAPITAL EXPENSES
➢ REVENUE EXPENSES
❖ SOLVENT
❖ INSOLVENT
❖ BAD DEBT
❖ DRAWINGS
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❖ WAGES
❖ SALARY
❖ PROFIT
❖ STOCK
❖ VOUCHER
❖ BILL RECEIVABLE
❖ BILL PAYABLE
❖ OVERDRAFT
❖ RESERVE
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QUIZ TIME
Accounting records only those transactions and events which are
of character.

● Qualitative
● Quantitative
● Both
● None
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QUIZ TIME
is concerned with record-keeping directed
towards the preparation of trial balance, profit and loss
accounts and balance sheet.

● Financial Accounting
● Cost Accounting
● Management Accounting
● Human Resource Accounting.
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QUIZ TIME
Which account is odd one out?
● Office furniture & equipment
● Land and building
● Stock of raw materials.
● Plant and machinery
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QUIZ TIME
Which of the following is an example of capital expenditure?
● Drawings account
● Outstanding expenses account
● Machinery accounts
● Debtors account
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QUIZ TIME
As per the accounting equation
● Capital + Liabilities = Assets
● Capital + Assets = Liabilities
● Liabilities + Assets = capital
● Assets = Liabilities - Capital
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QUIZ TIME
What is the order in which the accounting transactions and
events are recorded in the books ?
● Journal , Subsidiary books , Ledger , and Trial Balance.
● Ledger , Journal , Subsidiary books , Trial Balance.
● Subsidiary books , Ledger , Trial Balance , Journal.
● Journal , Ledger , Profit & loss , Balance sheet.