Which ledger is created by tally automatically as soon as we create a new company mcq?
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cash a/c and profit and loss a/c is ur answer ...
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Answer:
Cash, Profit & loss account.
Explanation:
In tally ledger is the main and important account that includes all the transaction details that are used in accounting voucher. Such as purchase, payment and sales. Without ledger we will not able to track or record any transactions and this ledger is classified into groups which is cash account, profit account and loss account. Cash ledger comes under cash in hand; profit & loss ledger comes under primary.
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