Create other Ledgers given in the Trial Balance
1.Remember you have already input the ledger details for the two Sundry Debtors, the Trust Loan and Petty Cash2.Work from the Trial Balance, referring to the Chart of Accounts for the group to select, and ate the ledgers using the single or multiple options, depending on the number of ledgers create.
3.For the ledgers under Sales Accounts and Purchase Accounts, set Inventory values affected? to No. Reset it to Yes when you start Inventory Vouchers.
4.Please enter on the ledger names as per the Trial Balance
5.Sundry Creditors should be set up using the multiple options in the same way au the Sundry Debtors, except that the opening balances will be credits.
6.Watch the debits and credits on the two accumulated depreciation ledgers as, Tally ERP assumes it to be a debit balance (Dr). You need to change this to Cr
7. Creste a ledger for Bank Interest even though its balance is zero
Verify the Ledgers and Opening Balances
In practical situations, that is all you have, the Chart of Accounts and the Trial Balance You need to match the Trial Balance ledger accounts with the Chart of Accounts. You might put the opening balance figures in the chart of accounts itself. Tally ERP 9 needs to know the Group under which each account falls at the time you are creating the ledger account
To ease your waik-through, the following Multi Ledger Alteration screen is taken from Tally ERP 9 after entering the data. You can use them to verify your ledger accounts
Go to the Gateway of Tally> Accounts Info. > Ledgers > Multiple Alteration > Select All Items.
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| Multi-ALedger Alteration Screen |
Press Y or Enter to accept the screen.
