Tally 102

Creation of Ledger Account

↓

Gateway of tally (GOT)

↓

Press ‘A’ for Accounts Information

↓

Press ‘L’ for Ledger

↓

Press ‘C’ for Create

 (In short GOT-ALC)

Creation of Ledger Account-Example

(Already created M/s SMD Marketing Co.)

Problem

Mr. N. Aggarwal started business in the name of M/s SMD Marketing Co. with Rs.5,00,000/- by cheque and deposited the same in ICICI Bank by opening a new account.

Solutions:

Press ‘A’ then ‘L’ then ‘C’ at GOT (Gateway of Tally)

Every accounting transaction has two ledger accounts. In tally there is a need to allot “Under Group” to each and every ledger account. These groups are pre-defined in tally. Here are two accounts for above entry:

	Ledger Account	Under Group
1	N. Aggarwal Capital A\c	Capital Account
2	ICICI Bank	Bank Accounts

The view of ledger accounts shall be as under: