Ledger Creation is the very important in tally
A Ledger is the actual account head to which you identify a transaction. In Tally, you pass all accounting vouchers using Ledgers. However, all Ledgers have to be classified into Groups. Hence a thorough understanding of account classification is important for working with Ledgers. The creation and usage of Groups in Tally has been explained earlier. Now you will learn how Tally works with Ledgers.
Gateway of Tally --> Accounts info --> Ledger --> Create (Single Ledger)
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1. Ledger Name : Printing & Stationery
Under : Indirect Exp
And Accept it --> yes/no
And create some more ledger like :
2. Ledger Name : Bank Account
Under : Bank Accounts
And Accept it --> yes/no
3.Ledger Name : Postage A/c
Under : Indirect Exp
And Accept it --> yes/no
4.Ledger Name : Misc Exp
Under : Indirect Exp
And Accept it --> yes/no
5.Ledger Name : Sale A/c
Under : Sales Account
And Accept it --> yes/no
6.Ledger Name : Purchase A/c
Under : Purchase Accounts
And Accept it --> yes/no