What are the pre-defined ledgers available in Tally ERP.9?

1.	What are the pre-defined ledgers available in Tally ERP.9?
Answer» In Tally, to record transactions, the transactions are to be identified with the related ledger accounts. In tally ERP.9, there are two types of pre-defined ledgers. (i) Cash: Under the group cash in hand, this ledger is created. You can enter the opening balance as on the books beginning from. (ii) Profit and loss account: This ledger is created under the group primary. In this ledger, previous year’s profit or loss is entered as the opening balance of this ledger. To create ledger, Gateway of Tally → Masters → Accounts Info → Ledgers → Single Ledger → Create.

Answer»

In Tally, to record transactions, the transactions are to be identified with the related ledger accounts. In tally ERP.9, there are two types of pre-defined ledgers.

(i) Cash: Under the group cash in hand, this ledger is created. You can enter the opening balance as on the books beginning from.

(ii) Profit and loss account:

This ledger is created under the group primary. In this ledger, previous year’s profit or loss is entered as the opening balance of this ledger.

To create ledger,

Gateway of Tally → Masters → Accounts Info → Ledgers → Single Ledger → Create.

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