Vechil insurance entry in tally prime

Here are the entries for Tata Ace insurance and car insurance in Tally Prime: *Tata Ace Insurance* 1. Create a ledger for Tata Ace Insurance under "Indirect Expenses" in Tally Prime. - Go to "Gateway of Tally" > "Accounts Info" > "Ledgers" > "Create" - Enter "Tata Ace Insurance" as the name and select "Indirect Expenses" as the group 2. Create a voucher for the insurance premium payment. - Go to "Gateway of Tally" > "Accounting Vouchers" > "F5: Payment" - Select the bank account and enter the payment details - Select "Tata Ace Insurance" as the expense ledger 3. Pass the entry: - Debit: Bank Account (e.g. "HDFC Bank") - Credit: Tata Ace Insurance (Rs. XXXX) *Car Insurance* 1. Create a ledger for Car Insurance under "Indirect Expenses" in Tally Prime. - Go to "Gateway of Tally" > "Accounts Info" > "Ledgers" > "Create" - Enter "Car Insurance" as the name and select "Indirect Expenses" as the group 2. Create a voucher for the insurance premium payment. - Go to "Gateway of Tally" > "Accounting Vouchers" > "F5: Payment" - Select the bank account and enter the payment details - Select "Car Insurance" as the expense ledger 3. Pass the entry: - Debit: Bank Account (e.g. "HDFC Bank") - Credit: Car Insurance (Rs. XXXX) Note: Replace "Rs. XXXX" with the actual amount of the insurance premium.