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What is ledgers in tally?
deference for expenses and income
How account are create in tally?
gateway of tally -> accounts info-> ledgers -> create ( This answer give Subru isit kottakkal)
Accounting standard with respect to tally 7.2?
In Tally, a ledger is a record of all financial transactions related to a specific account, such as cash, bank, sales, purchases, expenses, etc. Before you can pass voucher entries, you need to create the required ledgers in Tally. While some default ledgers are created automatically, you'll need to create additional ledgers manually.
How do you use option is multiple Currency in tally 7.2?
how to use multiple currency in tally
How do you do drawing entry in tally payment voucher?
create voucher is wrong create Ledgers & Pass the vouchers Gateway of tally accounts info ledgers create after create ledger gate way of tally accounting vouchers now pass the entries
What are disadvantages of tally 9 software?
Disadvantages of Tally Its a Package not an ERP what ever they provide we use that only if any one want extra fealdes it will be charge Multiple entrys in single time not posible for each entry it will take some time ledger wise controls not available
What are the demerits of multiple ledger creation in tally?
Demerits of Multiple Ledger
How can delete any ladger in tally?
1st of all go into Account Info then Ledgers then Alter, once you click on Alter you will see the list of the ledgers which are created by you and then the ledger which you want to delete simply go into that ledger and then press Alt+D then press y and now your ledger will be deleted.
How do you use multiple mesure in Tally?
32 tallys= 1 mile
Is it compulsory to prepare the trial balance?
Preparation of trial balance insures that all the debits and credits of different transactions are equal and both debit and credit side is equal and all transactions are properly balanced and transferred to relative ledgers. If trial balance is not tally properly it means that there is some mistake while transferring transections from journal to ledgers.
Is it compulsory to prepare trial balance?
Preparation of trial balance insures that all the debits and credits of different transactions are equal and both debit and credit side is equal and all transactions are properly balanced and transferred to relative ledgers. If trial balance is not tally properly it means that there is some mistake while transferring transections from journal to ledgers.
What is the difference between single ledger creation and multiple ledger creation in tally 9?
In Tally 9, single ledger creation involves creating one ledger for a specific account, allowing for straightforward tracking of transactions related to that account. In contrast, multiple ledger creation enables users to create several ledgers simultaneously, which is more efficient for managing numerous accounts, especially in larger organizations. This feature simplifies the process of setting up accounts by allowing bulk entry, reducing the time and effort required for ledger management. Overall, the choice between single and multiple ledger creation depends on the complexity and volume of transactions an organization handles.
