Question

what are the two pre defined ledger available in tally ERP 9? 1.cash and credit account
2. cash and profit and loss account
3. profit and bank statement
4 profit and loss debit account
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Answer 1

Answer:

2.  cash and profit and loss account

Explanation:

Answer 2

The correct answer is OPTION 2. Cash and profit and loss account.

• A ledger is the actual account head that is used to identify transactions in all accounting vouchers.
• Ledger accounts include, for example, purchase, payments, sales, receipts, and other account heads.
• A ledger is required to record any transaction. All ledgers must be broken down into different categories.
• The two classifications for these groupings and ledgers in tally ERP 9 are

1. profit and loss and
2. the cash account