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Ledger in Tally

Others 691 views 6 replies

Naveen Kumar

629 Points Posted on 21 February 2021

Sir,

We have already a one Wagner car.(fixed assets) now we have purchase one Innova-four Wheeler for business purposes.please suggest can we need to create the new ledger for Innova-four Wheeler or pass the entry under old one Wagner.

Replies (6)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9615 Points Posted on 21 February 2021

Create a new account in the name of Car INNOVA .procedure in tally account follows.

Creating Ledger in Tally. ERP 9

One way is to create a Single Ledger.
Another way is to create it with Multiple Ledgers.
To create ledger from voucher screen by pressing ALT + C.

aseer

student

40 Points Posted on 21 February 2021

Ofcourse you have to create new ledger.

Mani Smart

7 Points Posted on 21 February 2021

Defiantly you create new Ledger because which asset are in your firm you don't know after 3 to 4 years any asset you sale can't arrive capital gains and depression because of same block the both asset

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 22 February 2021

Create a new ledger with Innova Car name

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 22 February 2021

Create a new ledger

CA Altamush Zafar

GST Consultant

15986 Points Posted on 22 February 2021

Better to have a ledger with the name of motor car and entries of both wagonR and innova should be done within it.
If this is not possible then atleast group them under a common group.