About ledger

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🔹 What is a Ledger in Tally Prime?

A Ledger in Tally Prime is like a notebook or record where you keep the financial details of a particular account or person.

Every transaction in Tally (like sales, purchases, payments) affects at least two ledgers (this follows the double-entry accounting system).


🔹 Types of Ledgers:

There are many types of ledgers, but some common ones are:

Ledger NameGroup Belongs ToUsed For
CashCash-in-HandCash transactions
Bank (like SBI)Bank AccountsBank-related transactions
SalesSales AccountsSales made by the business
PurchasePurchase AccountsItems purchased
Capital AccountCapital AccountOwner’s investment
DrawingsCapital AccountMoney withdrawn by owner
Sundry DebtorSundry DebtorsCustomers who owe you money
Sundry CreditorSundry CreditorsPeople you owe money to (suppliers)

🔹 Example:

Suppose Adarsh buys a phone from Reyansh for ₹20,000. You’ll need these ledgers:

  1. Reyansh (as a seller) – Under Sundry Creditor

  2. Mobile Purchase – Under Purchase Account

  3. Cash/Bank – If money is paid


🔹 How to Create a Ledger in Tally Prime:

  1. Go to Gateway of Tally → Press Alt + G → Type Create Ledger or go to:
    Accounts Info → Ledgers → Create

  2. Fill in:

    • Name of the ledger (like "Adarsh")

    • Group it belongs to (like "Sundry Debtors")

    • GST and other details (if needed)

  3. Press Ctrl + A to save


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