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Tally Software > Learn Tally Software > Why does balance sheet always tally?
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Why does balance sheet always tally?

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This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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Coz whatever investment in the form of liability gas to used in any asset or will be there in the form of cash
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solve Physics and math question in shortcut way

balance sheet should always be balanced. This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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My teaching experience 12 years

Coz whatever investment in the form of liability gas to used in any asset or will be there in the form of cash
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My teaching experience 12 years

balance sheet should always be balanced. This is because balance sheets follow the basic accounting principle, which is: Assets = Liabilities + Capital. Any transaction made will always have an equal and opposite effect on both sides of the equation.
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Related Questions

Can you please send me a fees structure for tally courses?
Rs.2000 for Online and Rs.3000 + Petrol Charges for Home tution. Basic Accounts, Accounting, Taxes (TDS, CST, VAT, Service Tax, Excise Duty, Income Tax), Payroll, Inventory, Reports, Annexures & Forms, Online Return Filing.
Sunil
Can tally be used in banks?
Yes,Tally provides various functions such as managing bank transactions, maintaining ledgers and account books, generating reports like balance sheets and income statements, among others.
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Does any training or cerification is required to learn Tally Software?
Absolutely No. You can speak instead Papers in Interview.
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In company creation form , set the security option to 'yes'.
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What are the most interesting and unknown facts of Tally, an accounting software?
Because it supports several languages, Tally ERP 9 is known as multilingual tally software. Other languages may be used to read reports and maintain accounts. Up to 99,999 companies can have accounts that...
Abraham
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