Question

in Tally .ERP.9 the ledger for Land & Building will be Created under which group

current assets
Fixed Asset
investment
Reserve and surplus​

Answer 1

Answer:

List of ledgers and its under group in tally

Tally Under Group Head Ledger Name to be created

Current Asset Income Tax Advance

Bank Accounts Bank Accounts

Bank OCC Account Bank CC Accounts

Bank OD Account Bank OD Accounts

Answer 2

In Tally.ERP.9 the ledger for Land & Building will be Created under the Fixed Asset group.

What about Fixed Asset in tally :

• Fixed assets are assets that are used to create revenue for a company. They are assets that the firm owns, such as plant and equipment, and are shown as non-current assets on the balance sheet under the categories of property, plant, and machinery.

• Buildings, computer equipment, software, furniture, land, machinery, and cars are examples of fixed assets.

• If a corporation sells fruit, for example, the delivery vehicles it owns and utilizes are considered fixed assets.