Exercise 2
Tally automatically creates two ledger accounts, i.e., Profit & Loss account and
Cash in Hand account. As per the requirements of the organization, we can
create the ledger accounts. In Tally, we cannot create another profit & loss
account. We can create any number of cash accounts with different names.
How to Create Ledger Account in Tally
Step 1: Use the following path to create ledger accounts in Tally
Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose
Create
Step 2: Click on Accounts Info under Gateway of Tally screen.
Step 3: Choose Ledger option under Account Info.
Step 4: Under Single Ledger, choose the option Create
Step 5: Update the following details on Ledger creation screen.
Name: Specify the unique name of the ledger account.
Under: Under List of Groups, choose the group name that pertains to the
ledger account.
In Tally, choose the "Yes" option under Accept to save the configured details.
How to Display Single Ledger in Tally
In Tally, after the creation of a single ledger account, we can view the details of
the ledger by choosing the display option
Refer the following steps to show how to display single ledger:
Step 1: Use the following path to display the single ledger in Tally
Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose
Display
Step 2: Under List of Ledgers, choose the ledger account.
Step 3: Now, the following screen shows the complete details of ledger
accounts.
How to Alter Single ledger in Tally
Step 1: Use the following path to alter the single ledger in Tally
Gateway of Tally → Accounts Info → Ledgers → Single Ledger → Choose
Alter
Step 2: Under the List of Ledgers, choose the ledger account option.
In Tally ERP 9, now modify/ alter the required details for ledger account. To
save the changed details, click on A: Accept.
Creating Multiple Ledgers
You can create multiple Ledgers at a time in this mode. This will save the
time of the user.
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Multiple
ledgers > Create .
2. Select the name of the group under Under Group from the List of
Groups. Below this field, the other fields are arranged in a table. The
cursor rests at the field Name of Ledger.
3. Enter the name of the Name of Ledger .
4. If you select All Items in Under Group field, you have the option to
select the group in this column. You can even create a new group from
this field by pressing Alt+C . If you have selected any other Group in
Under Group, the selected group in Under Group gets displayed here
automatically and the cursor skips this column.
5. Enter the Opening Balance . This is the balance remaining when you
first enter your books on [Link] 9 9, that is, the date of beginning of
books. If you have opted to maintain balances bill-by-bill, you must give
the bill details. (Refer Creating a Ledger- Advanced Usage for more
details on this).
6. Specify whether the Opening Balance is Debit or Credit in the
field Dr/Cr .