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Creating a Company involves providing basic information about the company whose books of accounts are to be maintained in Tally.ERP 9. Go to Gateway of Tally > (Alt+F3) Company Info. > Create Company

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Table of contentIntroduction3Task-1--LO1- 1.1: Sources of Funding Available to Business and Services Industries3LO1- 1.2: Contribution Made by a Range of Methods of Generating Income within a Given Business and Services Operations4Task-1LO2- 2.1: Elements of Costs, Gross Profit and Selling Prices for Products & Services5Task-1LO2- 2.2: Methods of Controlling Stocks and Cash in a Business & Services Environment7Controlling Liquid Money7Task-2LO3- 3.1& 3.2: Structure and Sources of the Trial Balance & Business Accounts, Adjustments and Notes83.1.1 Structure and Sources of the Trial Balance8LO3- 3.3: Process and Purpose of Budgetary Control and Analyze Variances from Budgeted and Actual Figures, Offering Suggestions for Appropriate Future Management Action11Task-3LO4- 4.1: Ratio Analysis and Consistent Interpretation of Historical Business Performance13LO4- 4.2: Recommendation for Appropriate Future Management Strategies14Task-4 LO5- 5.1: Categorize Costs as Fixed, Variable andSemi-Variable14Task-4 LO5- 5.2: Calculate Contribution per Product/Customer and Explain the cost/profit/volume Relationship for a given scenario15Task-4 LO5- 5.3: JustifyShort-termManagement Decisions Based on Profit/loss Potentials and Risk(break-even)calculations for a given business and services operation16M1 Identify and Apply appropriate Strategies,17M2 Select/design and Apply appropriate Strategies17M3 Present and communicate a

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