What are the types of ledger you can make in Tally ERP 9?

There are four types of ledgers you can make in Tally ERP 9-

1. Company ledgers
2. Stock ledgers
3. Cost ledgers
4. Bank ledgers

1. Company ledgers:
These are ledgers created at the time of making a company in Tally.ERP 9. You cannot delete or rename these ledgers. They are of two types-
a) Primary ledgers: These ledgers are created by Tally.ERP 9 and are essential for the working of the software. They cannot be deleted or altered.
b) Secondary ledgers: These ledgers can be created by the user as per the requirement.

2. Stock ledgers:
Stock ledgers are created for tracking inventory items. When you create a stock ledger, you have to specify the stock group to which it belongs.

3. Cost ledgers:
Cost ledgers are created for the purpose of cost tracking. When you create a cost ledger, you have to specify the cost category to which it belongs.

4. Bank ledgers:
Bank ledgers are created for the purpose of tracking bank accounts.


Ledger Creation in Tally ERP 9 in Hindi Part 01

In Tally ERP 9, you can create a ledger in Hindi by following the steps given below:

1. Go to Gateway of Tally > Accounting Info. > Ledgers > Create.

2. Enter the name of the ledger in the Name field.

3. Select the appropriate Group from the List of Groups.

4. Under the Details section, select the Language as Hindi from the drop-down list.

5. Enter the remaining ledger details and click on Save.


Frequently Asked Questions with answer of What are the types of ledger you can make in Tally ERP 9?

What are the 3 types of ledgers?

There are three types of ledgers: the primary ledger, the subsidiary ledger, and the general ledger. The primary ledger contains all the financial transactions of a company, while the subsidiary ledger contains specific types of transactions, such as accounts receivable or accounts payable. The general ledger is a record of all the financial transactions of a company, both primary and subsidiary.


How many types of ledger we can create in Tally?

There are four types of ledgers that can be created in Tally:

1. Summary Ledgers: These are ledgers that do not contain any transaction details. They are used to provide a higher-level view of an organization’s finances.

2. Detailed Ledgers: These ledgers contain all the details of transactions. They are used to provide a more granular view of an organization’s finances.

3. Group Ledgers: These ledgers provide a way to group together similar ledgers. This can be useful for reporting or analysis.

4. Reconciliation Ledgers: These ledgers are used to reconcile accounts. They can be used to ensure that two different accounts contain the same information.


How many ledgers are there in Tally ERP 9?

How many ledgers are there in Tally ERP 9?

There can be an unlimited number of ledgers created in Tally ERP 9.


What are the 5 types of general ledger accounts?

A general ledger account is an account that is used to record all transactions that fall under a specific category. There are five types of general ledger accounts: asset, liability, equity, revenue, and expense.

Asset accounts are used to track all of the company’s assets, such as cash, property, and equipment. Liability accounts are used to track all of the company’s liabilities, such as loans and credit card debt. Equity accounts are used to track the company’s owner’s equity, which is the difference between the company’s assets and liabilities. Revenue accounts are used to track all of the company’s revenue, such as sales and interest income. Expense accounts are used to track all of the company’s expenses, such as rent and utilities.


What are ledgers in tally?

Ledgers in tally are used to store information about financial transactions. This information can include things like the date of the transaction, the amount of money involved, and who was involved in the transaction. Ledgers can be used to track both personal and business finances.


What are two types of ledgers?

There are two types of ledgers: the general ledger and the subsidiary ledger. The general ledger is the master ledger that contains all the accounts for a company. The subsidiary ledger contains specific accounts for specific transactions.


Which how many types ledger Group and voucher types can be created in tally?

There are four types of ledgers in Tally.ERP 9 –

1. Personal Ledgers
2. Stock or Inventory Ledgers
3.Sundry Debtors Ledgers
4.Sundry Creditors Ledgers

Voucher types are a way of classifying transactions in Tally.ERP 9. You can create as many voucher types as you want, as per your business requirements.


What are ledger groups?

A ledger group is a collection of one or more ledgers that share the same chart of accounts. This allows businesses to maintain separate books for different activities while still being able to consolidate their financial statements. For example, a company may have a ledger group for each of its subsidiaries.


How do you make a multi ledger in Tally prime?

A multi-ledger can be created by following the below steps:

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create

2. Select the appropriate Group from the List of Groups
3. Enter the Name of the Ledger
4. In the Under field, select the appropriate ledger from the List of Ledgers
5. Enable the option Allow ledgers to be created under this ledger
6. Press Enter to save

The multi-ledger will be created under the selected Group.


How do you make ledger entries?

In financial accounting, a ledger is a collection of accounts that record all financial transactions of a specific type. For example, a company’s Accounts Receivable ledger consists of all the accounts that record all the credit sales of the company. A company’s Accounts Payable ledger consists of all the accounts that record all the credit purchases of the company.

To make a ledger entry, first find the account that you will be using. Next, determine the debit or credit amount for the transaction. Finally, enter the transaction amount and the account into your ledger.

Conclusion

There are four types of ledgers you can make in Tally ERP 9:

1. Company ledger

2. Group ledger

3. Stock ledger

4. Cost ledger

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