How to create ledgers in Tally Prime ?

By default, two ledgers are in Tally Prime.1. Cash2. Profit and Loss account. Cash ledger is under the Cash -in – hand group. This ledger can be altered and deleted. Profit & Loss account ledger is under the Primary group. This ledger can be altered but not deleted. The profit or loss of the financialRead More »

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What are the groups in Tally ERP9? What is the difference between groups and ledgers in tally?

Financial transactions are performed using ledgers. The other term for the ledgers is Account Head. We can say as Head of Account. Financial transactions are identified by ledgers. So, there is no financial transaction without ledger identification. Ledgers are further grouped by the nature of behavior. For example, Building account, Plant and Machinery Account, FurnitureRead More »