Learn about how to create company here

http://www.teachoo.com/723/227/How-to-Create-Company/category/Basics-of-Tally/

Putting password is optional

Tally- Create Company process Batayiye or Fill karte samay password hote hai uske bare me explain chahiye

 Jis party se paise lene hote hai,vo debtors hote hai

Example:-Party to whom sales made

Jis party ko pais dene hote hai,vo creditors hote hai

Example:-Party from whom purchase made or party from whom some expense bill received

Learn more here

http://teachoo.com/805/246/Summary-of-Debit-Credit/category/Rules-For-Debit-Credit/