Create ledger accounts using the accounting Package.Create ledger acco

Create ledger accounts using the accounting Package.Create ledger accounts for the following and allocate proper groups.1. Import duty 2. Insurance 3. Machinery 4. Audit Fee 5. Purchase 6. Sales 7. Telephone charges 8. Interest Received 9. Salary 10. Professional fees

Answer»

Step 1: You Can select an already created company using the ‘Select Existing Company ’ Option on Opening Screen.

Step 2: Log in with User Name and Password

Step 3: To create an account (ledger account) click on the Hamburger Menu available at the left top corner of the dashboard. Click on the Master Account → It allows you to create an account.

The following table shows the group name, sub-group name, and account name which are to be created.

Group Name	Sub Group Name	Account / Ledger Name
Direct Expenses	None	Import Duty
Indirect Expenses	None	Insurance
Fixed Assets	Plant & Machinery	Machinery
Indirect Expenses	None	Audit fee
Direct Expense	None	Purchase
Direct Income	None	Sales
Indirect Expense	None	Telephone charges
Indirect Income	None	Interest received
Indirect Expense	None	Salary
Direct Income	None	Professional Fees

Create ledger accounts using the accounting Package.Create ledger accounts for the following and allocate proper groups.1. Import duty 2. Insurance 3. Machinery 4. Audit Fee 5. Purchase 6. Sales 7. Telephone charges 8. Interest Received 9. Salary 10. Professional fees

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