(1).What does Tally accounting mean? Ans :Tally accounting is an ERP software that is used by small as well as large businesses for business functionalities like accounting,finance,inventory,payroll,etc.. (2).What is the meaning of premises in terms of accounting? Ans:In terms of accounting, the word premises refer to the number of fixed assets that are the shown in the balance sheet.

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Tally accounting is an ERP software used for business functionalities like accounting, finance, inventory, payroll, etc.

Tally accounting is an ERP software
Used by small and large businesses
Handles accounting, finance, inventory, payroll, etc.
Helps in managing financial transactions
Generates financial reports
Provides real-time data
Increases efficiency and accuracy
Premises in accounting refer to fixed assets shown in the balance sheet

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