Ledger in tally

This discussion addresses the correct way to set up ledgers in Tally ERP 9 when dealing with a firm that acts as both a lender and a supplier. It clarifies that separate ledgers should be created for unsecured loans and sundry creditors, rather than using a single ledger for both purposes. The advice recommends classifying the loan under 'Loans' and the supplier under 'Sundry Creditors' for accurate financial record-keeping.