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Tally Questions & Answers Series - 28

09.03.22 12:37 PM By eStaar - Comment(s)

1.What is Accrual Accounting Concept in Tally Prime?

Revenues are considered as income under the Accrual Concept when things are provided or services are rendered before collecting cash. If money is collected before the service is rendered or the items are delivered, the money is not considered earn...

Tally Questions & Answers Series - 27

25.02.22 03:28 PM By eStaar - Comment(s)

1. In TallyPrime, What does Credit Limit mean?

The monetary limit agreed upon by the seller and buyer of a business for trade purposes is referred to as a Credit Limit. Credit limits can be set for any ledger account that belongs to the Sundry Debtors and Sundry Creditors groups in TallyPrime.