Ledger (All Items)Creation, Modify & Delete in Tally (Notes)

Ledger:-

Ledger is individual record as well as summary of a transaction pertaining to an account.

Ledger Creation:-

* We have to open the Tally Software.
* Create New Company

* We have to press Alt + F1 under “Gateway of Tally”
* We have to select company info option.

* We have to select Ledger option.
* We have to select Create option in Single (or) Multiple Ledgers.

* Enter the Ledger names & Group.

* Press the Enter key.

Necessary Accounts :-
Basically the necessary accounts are classified into mainly 6 types

1. Capital account
2. Fixed Assets
3. Indirect Expenses
4. Indirect  income
5. Direct Expenses
6. Direct income

1. Capital account: -
In these categories we have to specify company owner names. 

Ex:-

Mr. Sanker , Miss.Lakshmi, Computersadda, Pvt ltds.

2. Fixed assets:- 

Fixed assets which are purchased for long-term use and are not likely to be converted quickly into cash. 

Ex:-

Land, flat, computers, furnishers, vehicles etc.

3. Indirect Expenses:-
In this category we have to specify all office expenses like

Ex:- 

Power bill paid, interest paid (All Paid’s)

4. Indirect income :-
In this category we have to specify all offices incomes like
Ex:- 

Rent Receive, Donation Receive, (All receive & incomes)

5. Direct Expenses:-
In this category we have to specify all factory expenses expenses like
Ex:- 

Factory power bill paid, wages paid etc

6. Direct Income:-
We have to specify all factory incomes like

Ex:- 

Factory rent receive, coolie receive etc

NAME OF THE LEDGER

UNDER

MR.KUMAR  MR.ARVIND  MISS.JYOTHI  COMPUTER PURCHASED  LAND PURCHASED  FURNISHER PURCHASED  VEHICLES PURCHASED  OFFICE EXPEDIENCES POWER BILL PAID  INTEREST PAID  COMMISSION PAID  SALARY PAID  RENT RECEIVED INTEREST RECEIVED COMMISSION RECEIVED PETTY INCOME  PETTY EXPEDIENCES HOTEL BILL PAID  TOY'S PURCHASED  FACTORY RENT PAID  FACTORY POWER BILL PAID  WAGES PAID  FACTORY RENT RECEIVED FACTORY INTEREST RECEIVED COOLIE RECEIVED

CAPITAL ACCOUNT  CAPITAL ACCOUNT  CAPITAL ACCOUNT  FIXED ASSETS FIXED ASSETS FIXED ASSETS FIXED ASSETS INDIRECT EXPEDIENCES INDIRECT EXPEDIENCES INDIRECT EXPEDIENCES INDIRECT EXPEDIENCES INDIRECT EXPEDIENCES INDIRECT INCOME  INDIRECT INCOME  INDIRECT INCOME  INDIRECT INCOME  INDIRECT EXPEDIENCES INDIRECT EXPEDIENCES FIXED ASSETS DIRECT EXPEDIENCES DIRECT EXPEDIENCES DIRECT EXPEDIENCES DIRECT INCOME  DIRECT INCOME  DIRECT INCOME

Screen Shots of Ledger Creation:-

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