Question

how to make ledger in tally in accountancy

Answer 1

Use Tally for Accounting, ClearTax for GST

Ledger Creation.

Steps to Create Purchase Invoice in Tally.ERP 9 Release 6 for GST.

Go to Gateway of Tally > Accounting Vouchers > F9 Purchase. ...

In Party A/c name column, select the supplier's ledger or the cash ledger.

Select the relevant purchase ledger.

Answer 2

$\huge{\green{hope its helpful}}$ Name – The first option is the Name of the ledger. Enter the name of the ledger, for example, Furniture A/c or Building A/c.

 Under – Every ledger requires a group to operate in. For example, Furniture A/c and Building A/c will be under Fixed Assets group as they are both Fixed Assets.

You have to select a group that is required as per your ledger.

Inventory values are affected – If you have a ledger which requires inventory or in simple words, stock to be maintained, set this option to Yes.

For example, you are selling sim cards, your ledger will be Sim Cards.

There must be a quantity to sell i.e. stock or inventory and so you must set Yes to Inventory Values are affected.

Mailing Details – You have to fill in the mailing details like Name, Address, Country and Bank Details for the ledger.

It is for the ledgers such as debtors and creditors which require these kind of details.

Ledgers such as Furniture or Building do not require these details because they are not humans and therefore they do not have any mailing details.

Tax Registration Details *--Similar to mailing details, these details are also of people and not for ledgers like furniture, building etc.

Tax registration details include PAN which is required on any tax related documents.

Opening Balance – This is the opening balance of the ledger if any.

Any balance of the ledger which is being carried forward from the previous year will have to be entered as the opening balance.

This was the last step which was required to create a ledger under Single Ledger Method.

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