A Ledger is a book in which you can store all the financial transactions of your comapny(business).Ledger is also termed as an account head because without ledger you cant made any entries related to your business transactions.
ex: sales ledger,purchase ledger,payments,reciepts ect.
In all type of accounting vochers like sales vochers,purchase vochers ledgers are used.these ledgers helps you to identify a transaction of business.
you must carefully classify these ledgers to the related groups.and the ledgers and there groups are classified to Cash, Profit and loss account.
Tally erp 9 provides you with 2 pre-defined ledgers.
Two pre-defined ledgers are *cash *profit & A/c .
You can see in the below picture list of ledgers. "electricity expense"is created one.
ex: sales ledger,purchase ledger,payments,reciepts ect.
In all type of accounting vochers like sales vochers,purchase vochers ledgers are used.these ledgers helps you to identify a transaction of business.
you must carefully classify these ledgers to the related groups.and the ledgers and there groups are classified to Cash, Profit and loss account.
Tally erp 9 provides you with 2 pre-defined ledgers.
Two pre-defined ledgers are *cash *profit & A/c .
You can see in the below picture list of ledgers. "electricity expense"is created one.
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| list of ledger |
- Cash Ledger : This cash ledger is related to the group cash-in-hand.because it is created under the cash-in-hand group.You can delete this ledger and can be alter the name.you can enter the opening balance as on date of books beginning from(when you started book keeping account).
- Profit & Loss account Ledger :This profit and loss account ledger is created under the primary group.previous years loss or proffit will be entered as the opening balance in this ledger.balance entered in this ledger is the opening profit or opening loss.you can alter the name of this ledger but you cant delete it.
This is great blog keep it up. Thanks for sharing.
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