Index

Sr. No. Particulars Page No.

1 Introduction of Book-Keeping & Accounting 2
2 Terminologies in Accounting 4
3 Classification of Accounts 8
4 Financial Year & Assessment Year 10
5 Tally Prime Software 11
6 Company Creation & Management 13
7 Explanation of Gateway of Tally screen 15
8 Accounting Vouchers in Tally Prime 15
9 Groups in Tally.ERP9 20
10 Ledgers Management in Tally Prime 23
11 Company Features in Tally Prime 25
12 Configuration Settings in Tally Prime 26

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 TOPIC 1: INTRODUCTION OF BOOK-KEEPING & ACCOUNTING
What is Transaction?
In business activity a lot of “give & take” exist which is known as transaction.
Transaction involves transfer of money or money’s worth. Thus exchange of money,
goods & services between the parties is known to have resulted in a transaction.
For Example,
Buying & Selling of Goods & Services, Expenses, Incomes & Many More

What is Book-Keeping?
It is necessary to record all these transactions very systematically & scientifically so
that the financial relationship of a business with other persons may be properly
understood, profit & loss and financial position of the business may be worked out at
a particular date. The procedure to record all these transactions is known as “Book -
keeping”.

What is Accounting?
Accounting is the analysis & interpretation of book keeping records. It includes not
only the maintenance of accounting records but also the preparation of financial &
economic information which involves the measurement of transactions & other events
relating to entry.
The Accounting Process Includes Summarizing, Analyzing & Reporting These
Transactions To Oversight Agencies, Regulators, And Tax Collection Entities.

Recording Process:

Transaction Financial
Journal Ledger Trail Balance
Documentation Statements

Source Documents are the original records of any transaction.

1) Journal Is Detailed Account That Records All The Financial Transactions.

2) The Ledger Summarizes The Journal Entries Into Accounts
3) In Trial Balance, Balance Of All Ledgers Are Compiled
4) Financial Statements Includes “Final Accounts”
• Trading Account (Trading Account Shows The Result Of Buying And
Selling Of Goods)
• Profit & Loss Account (Determines The Profit / Loss)
• Balance Sheet (Determines Financial Stability Of Business)

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Double Entry System:
Let’s Assume, A Car Dealer is selling a Car worth ₹ ….. & Customer pays the whole
amount to Car Dealer
Car Dealer’s Books Customer’s Books
Car Stock - Decrease Car - Increase
Cash/Bank - Increase Cash/Bank - Decrease

Thus, Every Transaction consists of minimum “Two Effects”

Those “Two Effects” are considered as “Debit & Credit”

As per the Double Entry System , “Every Debit effect must have an equal &
Opposite Credit effect”

Business Transactions:
▪ These business transactions when settled immediately by giving cash then
that transaction is called as “cash transaction”.
▪ Similarly, if the business transaction is settled later by taking credit period
from party then those transaction is called “credit transaction”.

Accrual Concept
The accrual principle is an accounting concept that requires accounting transactions to be recorded
in the time period in which they occur, regardless of the time period when the actual cash flows for
the transaction.

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 TOPIC 2: TERMINOLOGIES IN ACCOUNTING

1) Purchase: Buying Of Goods either on Cash basis or on Credit basis.

2) Sales: Selling Of Goods either on Cash basis or on Credit basis.
3) Sundry Creditors: A person to whom the firm owes money is called a
creditor, when goods are purchased on credit from supplier, commonly
suppliers of goods/ services are known as creditors.
4) Sundry Debtors: A person who owes money to the firm because of credit
sales of goods is called a debtor. For example, when goods are sold to a
person on credit that person pays the price in future. He is called a debtor
because he owes the amount to the firm, commonly customers of goods/
services are known as debtors.
5) Capital: Amount invested in business either to start the business or to
expand the business.
- Owner’s Capital
- Equity Capital
6) Assets: An asset may be defined as anything of use in the future operations
of the enterprise & belonging to the enterprise. E.g., land, building,
machinery, cash etc.

Types of Assets:
1) Fixed Assets (Sustains In Business For More Than One Year)
➢ Tangible (Which Can Be Seen & Touched)
▪ Eg: Land, Machinery, Computer, Etc.
➢ Intangible (Which Cannot Be Seen & Touched)
▪ Eg: Goodwill, Software, Patents, Etc.
2) Current Assets (Sustains In Business For Less Than One Year)
➢ Quick Assets (Which Can Be Quickly Converted In Cash)
▪ Eg: Cash At Bank, Debtors, Accounts Receivables, Etc.
➢ Other Current Asset (Which Cannot Be Quickly Converted In Cash)
▪ Eg: Stock, Prepaid Expenses
3) Investments (Amount Invested Outside The Business)
➢ Eg: Shares, Debentures, Mutual Funds, Etc.
4) Fictitious Assets / Misc. Expenses Assets (Dummy Assets)
➢ Eg: Share Issue Expenses

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 7) Liability: Amount owed by the enterprise to the outsiders i.e. to all others
except the owner. e.g., trade creditor, bank overdraft, loan etc.

Types of Liabilities:
1) Capital (Money invested in business responsible to repay, Profits to be added,
Drawings {Goods or Amount withdrawn by proprietor for personal use} to be
reduced)
2) Loans (Liability) (Money borrowed for business)
➢ Secured Loan (Against Security)
• Banks, Financial Institutions, NBFC
➢ Unsecured Loan (Without any security)
• Friends, Relatives, Debentures
3) Current Liability (Payable Within A Year)
➢ Eg: Creditors, Outstanding Expenses, Bills Payables, Etc.
4) Contingent Liability (Liability May Arise)

8) Drawings: Money or value of goods belonging to business used by the

proprietor for his personal use.

9) Expense/Cost: Expenditure incurred by the enterprise to earn revenue is

termed as expense or cost. The difference between expense & asset is that
the benefit of the former is consumed by the business in the present whereas
in the latter case benefit will be available for future activities of the business.
e.g., Raw material, consumables & salaries etc.
a. Direct Expenses: Direct as the word suggests are those expenses
which are completely related or assigned to the core business
operations. They are mainly related to purchases and production of
goods/services. Direct expenses are a part of the prime cost or the cost
of goods/services sold by a company.

Direct expenses can differ for different types of companies, such as

manufacturing companies, construction companies, service companies,
etc.

Direct expenses are shown on the debit side of a trading account.

Examples
Wages, Factory rent, Material Cost, Premises Renting, Fuel, Freight,
Carriage Inwards etc.

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 b. Indirect Expenses: Unlike direct, indirect expenses are not directly
related or assigned to the core business operations. Indirect expenses
are necessary to keep the business up and running, but they can’t be
directly related to the cost of the core revenue generating goods or
services.

Indirect expenses can be different for different types of companies

such as manufacturing, construction, service companies etc.

Indirect expenses are shown on the debit side of an income

statement.

Examples
Salaries, Telephone bills, Printing & Stationery, Legal & Accounting
charges, Carriage Outwards etc.

Types of Expenses

Direct Indirect

Main Activites of the Supporting Acitivities of the

Business Business

Wages Printing &

Stationary

Coal & Fuel

Charges Rent

Loading & Unloading Advertisement

Charges

Carriage Incentives
Inward

10) Revenue: It is a monetary value of the products or services sold to the

customers during the period. It results from sales, services & sources like
interest, dividend & commission.

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 11) Income: Amount Earned By Business From Any Source Other Than Sales Will
Be Considered As Income.

Types of Income

Direct Income Indirect Income

Income earned due to Income earned other

Production than production

Eg: Sale of Co-Product Eg: Interest received,

or Scrap Dividend received

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 TOPIC 3: Classification of Accounts

Personal Accounts:

Accounts recording transactions relating to individuals or firms or company are

known as personal accounts. Personal accounts may further be classified as:
(i) Natural Person’s personal accounts: The accounts recording
transactions relating to individual human beings

e.g., Anand’s a/c, Ramesh’s a/c, Pankaj a/c are classified as natural
persons’ personal accounts.

(ii) Artificial Persons’ Personal accounts: The accounts recording

transactions relating to limited companies, bank, firm, institution, club,
etc.,

e.g., Delhi Cloth Mill; M/s Sahoo & Sahoo; Hans Raj College; Gymkhana
Club are classified as artificial persons’ personal accounts.

(iii) Representative Personal Accounts: The accounts recording

transactions relating to the expenses and incomes are classified as nominal
accounts. But in certain cases (due to the matching concept of accounting)
the amount, on a particular date, is payable to the individuals or
recoverable from individuals. Such amount (i) relates to the particular
head of expenditure or income and (ii) represent persons to whom it is
payable or from whom it is recoverable. Such accounts are classified as
representative personal accounts
e.g., “wages outstanding account”, pre-paid Insurance account, etc.

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Real Accounts:

The accounts recording transactions relating to tangible things (which can be

touched, purchased and sold) such as goods, cash, building, machinery etc., are
classified as tangible real accounts. Whereas the accounts recording transactions
relating to intangible things (which do not have physical shape) such as goodwill,
patents and copy rights, trade marks etc., are classified as intangible real accounts.

Nominal Accounts:

The accounts recording transactions relating to the losses, gains, expenses and
incomes e.g. Rent, salaries, wages, commission, interest, bad debts etc., are classified
as nominal accounts.

Rules of debit and credit (classification based)

1) Personal accounts : Debit the receiver

Credit the giver (supplier)
2) Real accounts : Debit what comes in
Credit what goes out
3) Nominal accounts : Debit expenses and losses
Credit incomes and gains

OR
Debit – Receiving the Benefit
Credit – Giving the Benefit
Debit Credit
Debit indicates benefit received by Credit indicates benefit given by
account & recorded to left-hand side of account & recorded to right -hand side
account which is called as debit side. of A/c which is called as Credit side.
Recording a transaction on debit side Recording a transaction on credit side
after applying the rules is termed as after applying the rules is termed as
“debiting an account” “crediting an account”

Journal Entries
Mr. A/c …. Dr 1,00,000 (Debiting an Account)
To Sales A/c 1,00,000 (Crediting an Account)

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 Dr. Ledger A/c Cr.
Particulars Amount Particulars Amount

Left hand Side

Right hand Side
“Debit Side”
“Credit Side”

TOPIC 4: Financial year (FY) & Assessment year (AY)

Financial Year: The Financial Year (FY) is the year in which business carries its
activities.

Previous Year: The Previous year (PY) is the year in which business earns an
income.

Assessment Year: The assessment year (AY) is the year following the FY in which
the income of business is evaluated.

FY 2019-2020 FY 2020-2021

1st April 2019 31st March 2020 1st April 2020 31st March 2021
Income Earned Payment of Tax & Return Filing
Pervious Year / Financial Year-19-20 Assessment Year- 20-21

Example of Previous Year & Assessment Year:

Financial Year / Previous Year Assessment Year
2019-20 AY 2020-21
2018-19 AY 2019-20
2017-18 AY 2018-19
2016-17 AY 2017-18

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 TOPIC 5: Tally Prime
Tally Prime Introduction
Tally Prime has been developed by Tally Solutions Pvt Ltd., a company located in
Bangalore, India Company. The Tally Prime is very user-friendly accounting software
that runs on MS Windows and has Indian Laws accounting such as GST, TDS etc.

Key features are as under:

1. Codeless Accounting.
2. Unlimited Accounting Period.
3. Multiple operation of companies at a time.
4. Easy availability of reports.
5. Tally on Web

Facilities with Tally Prime:

1. Financial Accounting 2. Interest calculation
3. Inventory Accounting 4. Back up & Restore of data in tally
5. Taxes (GST & TDS) Accounting 6. Cash Flow & Fund flow in tally
7. Bank Reconciliation (Automation) 8. Payroll
9. Company Logo attachment 10. Purchase & Sales order processing
11. Implementation of cost centres 12. Maintaining Physical Stock
13. Cheque printing (Automation) 14. Movement analysis
15. Email from tally 16. Stock Journal
17. Import / Export of data 18. Ratio Analysis
19. Ageing of debtors & creditors 20. Foreign Currency
21. Security control from tally 22. Budgeting
23. Profit & loss comparison from tally 24. Invoice printing
25. Scenario Management and many more

Who can use Tally Prime?

As Tally is user friendly & has unique features & multiple facilities it is widely
used by different kinds of business companies for maintaining the accounts of
1. Company 2. Individual
3. Trader 4. Manufacturer
5. Enterprise 6. Partnership Firm
7. Shop 8. Transport
9. Service Industry 10. Nursing Home
11. Petrol pump 12. Wholesalers etc.

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Versions of Tally:
➢ Tally 3.0 (1990)
➢ Tally 3.12 (1991)
➢ Tally 4 (1992)
➢ Tally 4.5 (1994)
➢ Tally 5.4 (1996)
➢ Tally 6.3 (2001)
➢ Tally 7.2 (2005)
➢ Tally 8.1 (2006)
➢ Tally 9 (2006)
➢ Tally ERP 9 (2009)
➢ Tally Prime, Release 1.1 (2020)

Tally Prime Start-up Screen:

This screen appears when the tally is started and the software loads. The screen
which appears after loading the software is called Select Company screen from
which we can select company to open or we can create a new one.

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 TOPIC 6: Company Creation & Management in Tally Prime
Company Creation
❖ Select “Create Company” option
from the Main screen of Tally as
shown beside.

❖ The tally company is store in the default path of the system.

❖ Here, you need to fill all the company details starting from Company Name,
Mailing Name, Mailing Address, Country, State, Pin code, contact details such
as phone no, mobile no, fax no, email and website.
❖ Books & Financial Year Details: Tally Prime automatically considers 12 months
from the date you give here as the Financial Year. The date for Books beginning
from can be changed, in case of companies, which are incorporated in the
middle of the year or it will same as Financial Year beginning date.
❖ As soon as we accept the
Company Creation
Screen, new screen is
going to appear showing
“Company Created
Successfully” along with
Company Features.
❖ Activate necessary
features or Deactivate
unnecessary features as per requirements.

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Select Company
❖ Press Alt + K for Company Options
❖ Choose “Select” Option from the menu.
❖ From the new screen select the required company.
❖ Either Press Shortcut key “Alt + F3” from Gateway of
Tally to select company.

Shut Company
❖ Press Alt + K for Company Options
❖ Choose “Shut” Option from the menu.
❖ From the new screen select the required company to shut.
❖ Either Press Shortcut key “Ctrl + F3” from Gateway of Tally
to select company.

Alter Company
❖ Press Alt + K for Company Options
❖ Choose “Alter” Option from the menu.
❖ Make updates as per requirements & Accept the screen.

Delete Company
From Company Alteration screen press shortcut key of Delete i.e.,
Alt + D

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 TOPIC 7: Explanation of Gateway of Tally Screen
The Gateway of Tally screen has following sections:

A] Horizontal Button Bar:

➢ Company (Alt + K)
➢ Data (Alt + Y)
➢ Exchange (Alt + Z)
➢ Import (Alt + O)
➢ Export (AL;T + E)
➢ Email (ALT + M)
➢ Print (ALT + P)
➢ Help (F1)

B] Main Area:

The main area is separated into two areas:

1. Left hand side area: It is called as the “Information Area of Tally” which
displays Current Period, Current Date, List of selected companies (Name of
the company & the last entry made in the company)
2. Right hand side area: It is called as “Operational Area of Tally” from where
the Tally software can be operated which displays Gateway of Tally Menu.

TOPIC 8: Accounting Vouchers in Tally Prime

A voucher is a document that is used by the accounting department on an organization

or a business. Vouchers are used for the systematic compilation and collation of data
in the form of invoices, purchase order, certificates, along with other information
required to process the payment.
As a business owner, you have to continuously record transactions for the purpose of
accounting, inventory management and statutory compliance. In order to do this,
different vouchers such as receipt voucher in Tally, journal voucher in Tally, etc. are
used.

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Purchase → Buying Of Goods
➢ Cash
F9
➢ Credit

Sales → Selling Of Goods

F8 ➢ Cash
➢ Credit

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Debit Note → Purchase Return
➢ Cash
Alt + F5 ➢ Credit

Credit Note → Sales Return

➢ Cash
➢ Credit
➢

Credit Note → Sales Return

➢ Cash
Alt + F6 ➢ Credit

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Contra → Entry in which only Cash / Bank Is recorded
F4 ➢ Cash Deposited in Bank
➢ Cash Withdrawn from Bank
➢ Amount Transferred From One Bank To Another Bank

Payment → Cash / Amount from Bank goes out of Business

F5 ➢ Expenses paid
➢ Payment to party
➢ Asset purchase on cash
➢ Amount withdrawn by proprietor / Director for Personal
Use

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Receipt → Cash / Amount in Bank Comes in Business
➢ Income receipt
F6 ➢ Amount received from party
➢ Asset sold for cash
➢ Amount invested in business by proprietor / Director

Journal → entries which does not fit in any voucher will be recorded in journal or
Book Closing entries
F7
➢ Asset purchased / sold on credit
➢ Expenses Booking Entries
➢ Appreciation / depreciation
➢ Write off entries / reverse entries

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 TOPIC 9: Groups in TALLY.ERP 9

1. Bank Account (Sub Group – Current Assets): All banks current accounts must
be tagged under this group. Savings bank account can also be tagged under this
group. Eg HDFC Bank, ICICI Bank A/c etc
2. Bank OD Account (Sub Group – Loans (Liabilities)): Create all bank loan account
and tag them under this group Eg: IDBI OD A/c, KOTAK BANK OD A/c etc
3. Branch / Divisions (Primary Group): This groups helps an accountant to
maintain the branches of its head office. Eg Kalyan Branch A/c, Bangalore
Branch A/c, Mumbai HO A/c etc
4. Capital A/c (Primary Group): All capital A/c must be tagged under this group
whether the company is proprietor concern or partnership firm or a Ltd co also.
All drawings of the owners are also tagged under this account.
5. Cash-in-hand (Sub group – Current Assets): There is one ledger in which the
cash in hand group is tagged “Cash”. This ledger is given by default in tally and
the user need not have to create the same. The user can tag this group under
the Petty Cash A/c ledger also.
6. Current Assets (Primary Group): As this is a primary group there are many sub
groups defined under this group which are:
a. Stock In Hand
b. Deposits
c. Loans & Advances
d. Sundry Debtors
e. Cash-in-Hand
f. Bank Accounts
Kindly note that when the user creates any current assets ledger, it is advisable
to look out first whether it can be tagged under any of the sub groups first, if it
cannot then directly tag it under current assets group.

7. Current Liabilities (Primary Group): As this is a primary group there are many
sub groups defined under this group which are:
a. Duties & Taxes
b. Provisions
c. Sundry Creditors
Kindly note that when the user creates any current liabilities ledger, it is
advisable to look out first whether it can be tagged under any of the sub groups
first, if it cannot then directly tag it under current liabilities group.
8. Deposits (Sub group – Current Assets): All deposits accounts is created under
this group. Eg Electricity Deposits, Telephone Deposits etc

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 9. Direct Expenses (Primary Group): All expenses which are directly related to the
manufacturing of the product are tagged under this group. (Trading A/c Dr side
items) such as Wages A/c, Carriage Inward A/c etc. This expenses directly
affects Gross Profit.
10. Direct Income (Primary Group): All income which are earned directly from
selling manufacturing goods are tagged under this group (Trading A/c Cr side
items) Sale of by product, Sale of scraps related to produced items etc
11. Fixed Assets (Primary Group): The assets purchased for permanent use are
tagged under this account such as Furniture, Land & Building, Plant &
Machinery etc
12. Indirect Income (Primary Group): This income is earned by the non-business
activities such as commission received, Interest Received, Fire Claim received,
Sale of old news papers etc (P&L A/c Cr Side)
13. Indirect Expenses (Primary Group): These are the expenses which are incurred
to operate the business as whole. Eg: Salaries A/c, Depreciation A/c, Taxes A/c,
Printing & Stationary A/c etc. (P&L A/c Dr Side)
14. Investments (Primary Group): There are two conditions to be satisfy before
tagging any ledger under this group as under:
a. The can be resold in the market at any point of time.
b. It should generate income by the way of interest or dividends etc.
Eg: Equity Bonds A/c, NSC Bonds A/c etc.
15. Loans & Advances (Assets) (Sub group – Current Assets): A loan given by the
company to its employees, directors, sister concerns etc these arer tagged
under this group. Advances are not considered as loans, these are given for a
particular purpose against which either goods are received by the company or
services to be received in near future. These are settled within short period of
time.
16. Loans (Liabilities) (Primary Group): As this is a primary group there are many
sub groups defined under this group which are:
a. Bank OD A/c
b. Secured Loans
c. Unsecured Loans
Kindly note that when the user creates any loans liabilities ledger, it is advisable
to look out first whether it can be tagged under any of the sub groups first, if it
cannot then directly tag it under loans liabilities group.
17. Miscellaneous Expenses (Assets) (Primary Group): Here we create all expenses
accounts that are not written off to P&L the same year in which they are
incurred under this group. These expenses are written off proportionately over
several years. Eg: Prelimnary Expenses etc

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 18. Provisions (Sub groups – Current liabilities): All provisions accounts set aside
from profits to meet any unpaid expenses for the current year or to incurred
losses for the future years under this groups. Eg:- Provisions for taxes A/c,
Provisions for Bad Debts etc.
19. Purchases Account (Primary Group): All purchases & purchase returns are
tagged under this group to record the purchase transaction.
20. Reserves & Surplus (Sub – group – Capital): All reserves accounts are tagged
under this group which are set aside from profit for further use such as General
Reserve, Share Premium, Net Profit etc
21. Sales Accounts (Primary Group): All Sales & Sales Returns are tagged under this
group to record the sales transaction.
22. Secured Loans (Sub group – Loans(Liabilities)): All loans taken by the company
with the security against it are tagged under this account. Eg: Term Loan from
SBI etc
23. Stock In Hand (Sub group - Current Assets)): If the user activates accounts with
inventory from features then there is no need to create Stock A/c under this
group as the Inventory section will take care of the stock balances but if the
user is maintaining only accounts in the company features and it has physical
stock in the business then a stock A/c should be created under this group and
the opening and closing stock values and on 1st April and 31st March should be
given by the user.
24. Sundry Creditors (Sub group – Current Liabilities)): All the vendor names from
whom the company has made purchases and against which the payment is
need to be made is tagged under this group. It is also called as “Accounts
Payable Accounts”.
25. Sundry Debtors (Sub group – Current Assets)): All the Customers names to
whom the company has made sales and from whom the receipt is supposed to
be received is tagged under this group. It is called as “Accounts Receivable
Accounts”.
26. Suspense Accounts (Primary Group): All accounts where the actual amount of
the ledger is temporarily not known are tagged under this group. Eg: Leave
Travelling Allowances A/c etc.
27. Unsecured Loans (Sub group – Loans (Liabilities)): All loan accounts which are
taken by the company against which the security is not given are tagged under
these group. Loan from Friend etc

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List of Groups to Display in Tally Software:

Gateway of Tally (GOT) → Chart of Accounts (H) → Groups → Multi-Masters (Alt + H)

→ Multi Alter → All Items

TOPIC 10: Ledgers Management in Tally

Ledger means the heading under which transaction of similar nature are compiled
to get a consolidated view of all the transactions so the total for the certain period
can be obtained. Eg Electricity A/c, Repairs & Maintenance A/c, Furniture A/c and
many more.
By default Tally Prime has given 2 ledger accounts namely Cash (under group “Cash
In Hand”) & Profit & Loss Account (under group “Primary”). All other ledger user
has to create.

User can create “Single Ledger” at a time or

“Multiple ledger” depends upon the nature of
group and the ledger affecting the same.

A] Single Ledger:
Gateway of Tally> Create (C) > Ledger

1. Put the Ledger Name which you have to create

2. Tag the ledger under the respective group by
applying accounting principles
3. Enter the opening balance if any & any
additional information about the ledger.

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 4. Save it

B] Multiple Ledger:
Gateway of Tally> Chart of Accounts (H)> Ledgers>
Multi- Masters (Alt + H) > Multi Create
1. Select the group under which the ledgers will be
created
2. Enter the name of the ledger
3. Enter the opening balances if any & additional
information if any the save it

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C] Alter a Single Ledger:

Alter enables user to actually change the content of the ledger.

User can change the Ledger name or Group Name or any other details of the
ledger by following the path as under:
Gateway of Tally> Alter (A) >Ledger> Select the required Ledger

Make the required changes and then save it

D] Deleting Ledger Account:

User can delete the ledger by ALT + D in ledger alteration mode.

Note: - Tally Prime does not allow deletion of ledgers that have transactions.
Therefore if user needs to delete the ledger then user has to delete all the
transaction entries related to the ledger.

TOPIC 11: Company Features in Tally Prime

In TallyPrime, when you create a company, the key features required to record your
business transactions are set by default. As per your business requirements – such as
inventory management, tax-based invoicing, payroll management – you can set your
preferences using the Company Features.

As per the preferences set, you can enter transaction data accordingly. In most of the
cases, you can incrementally enable or disable other features by pressing F11 at any
point you need.

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 TOPIC 12: Configuration Settings in Tally Prime
Tally Prime configuration is applicable for all the companies that are located in the
Tally data directory. The F12: Configurations may vary from menu to menu.
For example: If we press F12: Configuration from the voucher screen, then the
respective screen displays on the screen.

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