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A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...
Tally Solutions was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka [2] after the family's cotton business was destroyed by fire. [3] [4] It began as Peutronics Financial Accountant, an accounting software application. [5] [3] The company was incorporated in 1991 and was renamed Tally Solutions in 1999. [6] [7] [8]
In accounting, the concept of a freight expense or freight spend account can be generalized as a payment for sending out a product to a customer. It falls under the umbrella category of expenses and is treated like other expense accounts in relation to the accounting equation, however, under generally accepted accounting rules, if the freight is Freight expense has a normal debit balance.
In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting .
With large fluctuations in the surcharges, the accounts department will have lower visibility in accruing freight cost. By choosing a freight invoice verification model, a customer can forecast the freight cost to be accrued for accounting purposes. This translates to lesser risk and more predictability in cash flow for the company.
The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and ...
Archived from the original (PDF) on 30 May 2008. Office of Data and Economic Analysis (July 2006). "World Merchant Fleet 2001–2005" (PDF). United States Maritime Administration. Archived from the original (PDF) on 21 February 2007; Thompson, Mark L. (1994). Queen of the Lakes. Detroit: Wayne State Univ. Press. ISBN 0-8143-2393-6.
Tally Solutions, an Indian multinational financial accounting software company TallyPrime, enterprise resource planning software developed by Tally Solutions; Tally Technologies, a debt management app in the U.S. and makers of the Tally app; Tally Weijl, a chain clothing retailer in Europe