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Purchase ledger can record purchase transactions. Sales ledger records credit sales and sources documents like debit notes and sales invoices. There are several types of ledgers that you can generate in Tally Prime. Suggested Read: Types of Voucher in Tally ERP 9 to Manage Transactions Types of Ledgers in Tally ERP 9: Complete Tally Ledger List
#How to configure tally erp 9 trial#
They help in making a trial balance worksheet for account accuracy and provide essential data for preparing balance sheets, profit and loss (P/L) statements, and more. As a result, you can understand the status of assets and liabilities, accounts payable and receivable during the accounting period.Įxamples of ledger account include sales, purchases, receipts, and so on. In ledgers, daily transaction entries in journals are categorized based on their nature.
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Ledgers in Tally are used along with accounting vouchers. Ledger in Tally ERP 9 is a group of accounts, which is essential to record and identify financial transactions of a business unit. What are Ledgers in Tally ERP 9 or TallyPrime?